Schedule Icr - Illinois Credits - 2015
Download a blank fillable Schedule Icr - Illinois Credits - 2015 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 - Illinois Credits - 2015 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
2Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes.
Illinois Department of Revenue
2015 Schedule ICR
Illinois Credits
Attach to your Form IL-1040
IL Attachment No. 23
Read this information first
You must complete Form IL-1040 through Line 15 and
Schedule CR, if applicable, before completing this schedule.
Complete this schedule only if you are eligible for the
The total amount of Illinois Property Tax Credit and K-12
Illinois Property Tax Credit
Education Expense Credit cannot exceed tax. Only the
K-12 Education Expense Credit
Earned Income Credit may exceed tax.
Earned Income Credit (EIC)
Step 1: Provide the following information
–
–
Your name as shown on your Form IL-1040
Your Social Security number
Step 2: Figure your nonrefundable credit
1
1
Enter the amount of tax from your Form IL-1040, Line 15.
.00
2
2
Enter the amount of credit for tax paid to other states from your Form IL-1040, Line 16.
.00
3
3
Subtract Line 2 from Line 1.
.00
Section A - Illinois Property Tax Credit
(See instructions for directions on how to obtain your property number)
4 a
Enter the total amount of Illinois Property Tax paid during the
4a
.00
tax year for the real estate that includes your principal residence.
b
Enter the county and property number for the property listed above.
4b
County
Property number
c
Enter the county and property number for an adjoining lot, if included in Line 4a.
4c
County
Property number
d
Enter the county and property number for another adjoining lot, if included in Line 4a.
4d
County
Property number
e
Enter the portion of your tax bill that is deductible as a business
expense on U.S. income tax forms or schedules, even
4e
if you did not take the federal deduction.
.00
f
4f
Subtract Line 4e from Line 4a.
.00
g
4g
Multiply Line 4f by 5% (.05).
.00
5
5
Compare Lines 3 and 4g, and enter the lesser amount here.
.00
6
6
Subtract Line 5 from Line 3.
.00
Section B - K-12 Education Expense Credit
You must complete the K-12 Education Expense Credit Worksheet on the back
of this schedule and attach any receipt you received from your student’s school.
7 a
Enter the total amount of K-12 education expenses from Line 13
7a
of the worksheet on the back of this schedule.
.00
b
7b
250.00
You may not take a credit for the first $250 paid.
c
7c
Subtract Line 7b from Line 7a. If the result is negative, enter “zero.”
.00
d
Multiply Line 7c by 25% (.25). Compare the result and $500, and
7d
enter the lesser amount here.
.00
8
8
Compare Lines 6 and 7d, and enter the lesser amount here.
.00
Section C - Total Nonrefundable Credit
9
Add Lines 5 and 8. This is your nonrefundable credit amount. Enter this amount on
9
Form IL-1040, Line 17.
.00
Continued on Page 2
*560501110*
IL-1040 Schedule ICR front (R-12/15)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial