The Illinois Department of Revenue is reminding taxpayers that they may be able to claim school expenses for K-12 students on their 2023 state individual income tax returns. The Illinois Education Expense Credit allows parents or legal guardians of a full-time K-12 student to take a 25-percent tax credit on qualified education expenses over 250-dollars this year. The K-12 Instructional Materials and Supplies Tax Credit allows eligible teachers of full-time K-12 students to receive a tax break for qualified expenses on classroom materials paid for during the taxable year.
