Back-to-School Tax Benefits Available for both Parents and Educators

Lawndale News Chicago's Bilingual Newspaper - Education

With back-to-school time upon us, the Illinois Department of Revenue (IDOR) is reminding taxpayers that they may be able to claim school expenses for their K-12 students on their 2023 Illinois individual income tax returns. The Illinois Education Expense Credit allows parents or legal guardians of a full-time K-12 student under the age of 21, to take a 25 percent tax credit on qualified education expenses over $250 this year. The total credit may not exceed $750, regardless of the number of qualifying students. For tax years ending on or before December 31, 2017, the 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. Qualified educational expenses include tuition, book rental, and lab fees in excess of $250 paid to the school where the student is enrolled on a full-time basis. For home schooled students – book rental and lab fees greater than $250 are eligible when attending a qualified home school program. To learn more about the Illinois Education Expense Credit, please read IDOR Publication 132 and Publication 119 (for home schooled students) located on IDOR’s website For additional information on the Instructional Materials Supply and Tax Credit, please see Schedule 1299-C Instructions and Schedule 1299-I.

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