If you paid qualified education expenses is excess of $250 in 2020, 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
What is the maximum credit amount?
For the tax year ending 2017, the maximum amount of the credit has been increased to $750 per family. For tax years ending prior to December 31, 2017, the credit was $500. 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.