If you paid qualified education expenses is excess of $250 in 2023, you may qualify for a credit if
- "you are the parent or guardian of a student under age 21 that is enrolled in school full time
- both you and the student are residents of Illinois when the expenses were paid, AND
- your student attended kindergarten through twelfth grade at a school in Illinois" (Schedule ICR)
What is the maximum credit amount?
The maximum amount of the credit is $750 per family. The credit is not allowed for taxpayers filing a joint return with a federal AGI exceeding $500,000 ($250,000 for all other returns).
What are considered qualifying education expenses?
Qualified Education Expenses include tuition, book fees and lab fees.
Home schooled children should refer to Publication 119 for more information.
For complete instructions, see Publication 132, Education Expense Credit General Rules and Requirements for Parents and Guardians.