Illinois HB3821 amends the Illinois Income Tax Act to increase the education expense credit for qualifying pupils from $750 to $1,500.
HB3821 amends the Illinois Income Tax Act to increase the maximum education expense credit for qualifying pupils from $750 to $1,500. The credit applies to qualified education expenses incurred on behalf of qualifying pupils, defined as Illinois residents under 21 years old enrolled in a kindergarten through twelfth grade education program. The credit is equal to 25% of qualified education expenses, with a maximum credit of $1,500 for tax years ending on or after December 31, 2025. The credit can be carried forward for up to 5 years if unused.
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