Don't Miss Out on the Invest in Kids Illinois Income Tax Credit

Beginning with tax year 2018, Illinois taxpayers who are approved to participate in the Invest in Kids program can receive a state income tax credit in the amount of 75% of their total qualified contributions made to one or more Scholarship Granting Organizations (SGOs) during a taxable year. These income tax credits cannot exceed $1M per taxpayer, per year.  If you claim this tax credit, you cannot claim any portion of the contribution as a federal income tax deduction.

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