Educational Assistance Benefits In Illinois
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FAQ
Illinois offers a tax credit worth up to $750 for “qualified education expenses” at both public and private schools, including book rental, lab fees and tuition, in excess of $250.
A qualifying child is a student who, during the tax year, must have been an Illinois resident, under age of 21 at the close of the school year, and a full-time student enrolled in kindergarten through 12th grade at a qualifying school. Qualifying education expenses include tuition, book fees, and lab fees.
Have worked and earned income under $66,819 (income amount is dependent upon filing status and number of qualifying children). Have investment income below $11,600.
The Educator Expense Deduction allows eligible educators to deduct up to $300 worth of qualified expenses from their income for 2024 and 2025. Qualified expenses include purchases such as: books and classroom supplies. technology and computer software used in the classroom during the process of teaching students.
You must have a High School Diploma or General Education Development (GED) High School Equivalency Diploma. You must be working toward a degree or certificate. You may not be in default on any federal educational loans or owe a refund on a federal grant. You must be making Satisfactory Academic Progress.
After submitting your FAFSA®, you are automatically considered for three types of grants – the State of Illinois Monetary Award Program (MAP) grant, (for Illinois residents), the Federal Pell Grant (Pell), and the Federal Supplemental Educational Opportunity Grant (SEOG).
The Illinois Department of Revenue also offers tuition reimbursement, day care, and training opportunities.
