Illinois Department of Revenue Reminds Eligible Taxpayers to Take Advantage of Back-to-School Tax Benefits
CHICAGO - As the new school year gets underway, the Illinois Department of Revenue (IDOR) is reminding eligible taxpayers that they may claim back-to-school expenses for their K-12 students on their 2024 Illinois individual income tax returns. “Both teachers and parents spend a lot of money in preparation for each school year and that is why I encourage them to utilize valuable savings offered through both the Illinois Educational Expense Credit (for parents) and the Instructional Materials and Supply Credit (for teachers)," explained IDOR Director David Harris. "It is important they keep receipts for all qualifying purchases in a safe place so they can be accessed when it is time to file their taxes.” 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% tax credit on qualified education expenses over $250 this year. The total credit may not exceed $750, regardless of the number of qualifying
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