Schedule Icr - Attach To Your Form Il-1040 - Illinois Credits - 2012 Page 3
Download a blank fillable Schedule Icr - Attach To Your Form Il-1040 - Illinois Credits - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Schedule Icr - Attach To Your Form Il-1040 - Illinois Credits - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4Illinois Department of Revenue
Schedule ICR
IL-1040 Instructions
General Information
What is the purpose of Schedule ICR?
If you home school your child(ren), see Publication 119,
Schedule ICR, Illinois Credits, allows you to fi gure the total amount
Education Expense Credit General Rules and Requirements for
of property tax, K-12 education expense, and earned income credits
Home Schools.
you may claim on Form IL-1040, Individual Income Tax Return.
receipts for education expenses.
What must I attach to Form IL-1040?
If you are the parents or legal guardians of a qualifi ed
If you enter an amount on Form IL-1040, Line 17 or Line 28, you
student and you are fi ling separate Illinois returns, you may
must attach Schedule ICR and any other required documentation
each claim an education expense credit. However, you both may
listed in the “Step-by-Step Instructions” of this schedule to your
not claim a credit for the same expenses, and the total amount
Form IL-1040.
of credit claimed between both parents or guardians may not
Am I eligible for a property tax credit?
exceed $500.
You may fi gure a credit for the Illinois property taxes you paid in 2012
on your principal residence (not a vacation home or rental property)
Qualifi ed education expenses
for the time you owned and lived at the property during 2011, if that
Education expenses that qualify for this credit include
residence was in Illinois. Nonresidents of Illinois may not take this
tuition (including summer school classes meeting
credit.
elementary or secondary graduation requirements).
You may not fi gure a credit for mobile home privilege tax, penalties,
book fees covering the rental of books that were required as
or fees included in your property tax bill, or the portion of the property
a part of the school’s education program.
tax that is deductible as a business expense.
lab fees covering the use of supplies, equipment, materials,
or instruments that were required as part of a lab course in
the school’s education program.
Illinois property you purchased
For example, if you rented a musical instrument from the
You may fi gure a credit for Illinois property you purchased
school (not from a business)
during 2011 providing you fi gure only that portion of your taxes that
pertains to the time you owned and lived at the property during 2011.
for a class, or
You may not take a credit for taxes you paid if the seller reimbursed
for participation in an extracurricular activity that
you at the time of closing. You also may not take a credit on your
resulted in a credit toward completion of the school’s
2012 return for property you purchased in 2012.
education program,
this rental expense qualifi es as an education expense.
Education expenses that do not qualify for this credit include
Illinois property you sold
expenses paid to a daycare, preschool, kindergarten at a
You may fi gure a credit for Illinois property you sold in 2012 by
school that does not also have a fi rst grade, college,
combining the 2011 property tax paid in 2012, as well as a portion
university, independent tutoring service, or trade school.
of the 2012 tax paid based on the time you owned and lived at the
expenses paid for the purchase of supplies, books, or
property during 2012. You may not take a credit on your 2012 return
for property sold during 2011.
equipment that are not signifi cantly used up during the
school year (e.g., purchasing musical instruments,
For more information, see Publication 108, Illinois Property Tax
costumes for a play).
Credit.
expenses paid for the use of supplies, equipment, materials,
Am I eligible for a K-12 education expense
or instruments if the program does not result in a credit
towards completion of the school’s education program.
credit?
expenses paid directly to a business (e.g., renting a musical
You may fi gure a credit for qualifi ed education expenses, in excess of
instrument from a music store).
$250, you paid during 2012 if
expenses for after school care, even if paid to the school.
you were the parent or legal guardian of a full-time student who
expenses paid for yourself or your spouse.
was under the age of 21 at the close of the school year,
For more details, see Publication 132, Education Expense Credit
you and your student were Illinois residents when you paid the
General Rules and Requirements for Parents and Guardians.
expenses, and
your student attended kindergarten (at a school that also has a
Am I eligible for the Illinois Earned Income
fi rst grade) through twelfth grade at a public or nonpublic school
Credit?
in Illinois during 2012.
If you qualifi ed for a federal Earned Income Credit (EIC), you also
You must complete Section B of Schedule ICR, including the K-12
qualify for the Illinois Earned Income Credit.
Education Expense Credit Worksheet to claim this credit.
If you fi led a joint federal return and you elected to fi le
any receipts you received from your student’s school.
separate Illinois returns because one spouse is an injured spouse,
you may each claim the earned income credit. However, the total
federal credit reported on Schedule ICR, Line 10a for both spouses
cannot exceed the EIC amount claimed on your joint federal return.
IL-1040 Schedule ICR Instructions (R-12/12)
Page 3 of 4
ADVERTISEMENT
0 votes
Related Articles
Related forms
Schedule Inl - Attach To Your Form Il-1120 - Illinois Net Loss Adjustments For Cooperatives And Remic Owners
Financial
Schedule F - Attach To Your Form Il-1040 - Gains From Sales Or Exchanges Of Property Acquired Before August 1, 1969
Financial
Schedule 1299-c - Attach To Your Form Il-1040 - Income Tax Subtractions And Credits - 2012
Financial
Schedule Ub - Attach To Your Form Il-1120 Or Form Il-1120-st - Combined Apportionment For Unitary Business Group
Financial
Schedule F - Attach To Your Form Il-1065 - Gains From Sales Or Exchanges Of Property Acquired Before August 1, 1969
Financial
Related Categories
Parent category: Financial