- 3 -
|
Education Expense Credit
General Rules and Requirements for Home Schools
What are qualified education expenses How much credit will I be allowed?
for home schooled students? You will be allowed 25 percent of your student’s qualified
education expenses after the first $250. Your total credit may
In general, qualified education expenses are the amounts paid
not exceed $750 for tax years ending on or after December 31,
in excess of $250 for tuition, book rental, and lab fees for a
2017 or $500 for tax years ending prior to December 31, 2017,
student who is in the equivalent of kindergarten through twelfth
regardless of the number of qualifying students.
grade at a home school during the regular school year.
Specifically, qualified education expenses for home schooled
children include the amount of
How should I figure a credit for
tuition paid for a student who was in the equivalent of
kindergarten through twelfth grade. This includes fees paid for education expenses, and what must I
the child to satisfy physical education class requirements at a attach to my Form IL-1040 when I claim
private facility such as a health club. this credit?
fees for the purchase of student’s workbooks or teacher’s
grade books that are significantly used up during the For tax year
activities of the class. These expenses qualify even if they 2017 and after, you must complete Schedule ICR, Illinois
were paid to an out-of-state company. Credits, including the K-12 Education Expense Credit
book rental fees paid for the rental of books that were Worksheet, Lines 10 and 11, to figure a credit for education
required as part of the student’s education program. expenses.
curriculum rental fees paid for the rental of educational Schedule ICR.
items such as lectures or class lessons on DVD or tape. 2008 - 2016, you must complete Schedule ICR,
lab fees paid for the use of supplies, equipment, materials, or Illinois Credits, including Section B, Lines 12 and 13, to figure
instruments that were required as part of a lab course in the a credit for education expenses.
student’s education program.
Lab courses include those courses, for which the student will Schedule ICR.
receive credit toward graduation, that provide an environment 2007 and earlier, see the return instructions for the year
for organized activity involving observation, experimentation, you are filing.
or practice, i.e., science, music, art, or language. Write “home school” as the school name in Column D
Any purchased equipment, materials, or instruments of Schedule ICR.
that are significantly used up by the assignments and You must also attach receipts for education expenses paid for
activities of the lab are considered qualified lab fees. the qualifying student(s) during the calendar year. We will not
shipping charges paid to receive a qualified item. accept a cancelled check as a receipt.
sales or use taxes paid when purchasing a qualified item. The receipts must show
the type and amount of education expenses paid for each
qualifying student during the calendar year,
What home school education expenses
the calendar year during which the education expenses were
do not qualify for an education expense paid,
credit? the name and address of the business to whom the expenses
Education expenses that do not qualify for an education were paid, and
expense credit include the amount of the name of the parent or guardian who paid.
expenses paid to purchase items that are not significantly All information on the receipts is confidential
used up during the student’s participation in the class information for use only as supporting documentation of the
(e.g., non-consumable textbooks, flash cards, wall maps, education expense credit claimed and shall not be used for any
calculators, etc.). other purpose.
expenses paid to purchase an item that will remain the
personal property of the student, parent, or legal guardian
at the end of the school year (e.g., payments made
toward the purchase of a band instrument or athletic
equipment).
mileage or travel expenses paid to travel to school, lab
activities, or field trips.
expenses paid for tutoring or enrichment classes that do
not count toward meeting the required curriculum.
PUB-119 (R-01/2020 R-06/22 back page updated) Page 3 of 4
|