Illinois Education Tax Credit for K-thru-12
Illinois residents can receive a tax credit of up to $500 for expenses relating to kindergarten through 12th grade. The state income tax credit equals 25% of expenses in excess of $250 for tuition, books, and lab fees for a child or dependent. The student must be younger than 21 at the end of the school year and may attend either public or private school in Illinois. Claim Illinois education tax credits for 2013 using Schedule ICR from the Illinois Department of Revenue. Some
Six Reasons to File Your Tax Return ASAP
Although the deadline for filing tax returns for individuals, April 15, is still seven weeks away, there are plenty of good reasons why you should get your tax information to your accountant sooner rather than later. Although the deadline for filing tax returns for individuals, April 15, is still seven weeks away, there are plenty of good reasons why you should get your tax information to your accountant sooner rather than later. By now you should have received all of the tax
