Who may take the K-12 Education Expense Credit on the individual income tax return?
You may take the Education Expense Credit if you:
- are an Illinois resident,
- are the parent or legal guardian of a qualifying child, and
- pay qualifying education expenses to a qualifying school in which your child is enrolled.
Who is a qualifying child?
A qualifying child is a student who, during the tax year, must have been
- an Illinois resident,
- under age of 21 at the close of the school year, and
- a full-time student enrolled in kindergarten through 12th grade at a qualifying school.
What are qualifying expenses?
Qualifying education expenses are
- book fees, and
- lab fees.
Note: For tax years beginning on or after January 1, 2017, the Illinois K-12 education credit is not allowed if a taxpayer's federal adjusted gross income (AGI) exceeds $500,000 for returns with a federal filing status of married filing jointly, or $250,000 for all other returns.
For more information, please refer to Publication 112, Education Expense
Credit, Publication 119, Education Expense Credit General Rules and Requirements for
Home Schools, and Publication 132, Education Expense Credit General Rules and
Requirements for Parents and Guardians.