2015 Illinois Schedule Icr Form PDF Details

In 2020, taxpayers in Illinois were guided by the Schedule ICR form, a critical document for those aiming to leverage certain state tax credits. This form, which must be attached to the IL-1040 tax return, is designed for individuals eligible for the Illinois Property Tax Credit and K-12 Education Expense Credit. To ensure accuracy in filing, it was mandatory for taxpayers to complete their IL-1040 through Line 14 and, if applicable, the Schedule CR before tackling the Schedule ICR. The form emphasized that the combined total of the Illinois Property Tax Credit and the K-12 Education Expense Credit could not surpass the taxpayer's owed tax. For homeowners, the Illinois Property Tax Credit offered a chance to recoup a portion of the property tax paid on their principal residence, calculated at 5% of the eligible amount. Concurrently, the K-12 Education Expense Credit provided relief for parents and guardians by allowing them to claim 25% of qualified education expenses exceeding $250, up to a maximum credit of $750. Requirements for claiming these credits were stringent, mandating detailed documentation such as the precise amount of property tax paid, the identification of the property, and stringent records of educational expenses, all aimed at ensuring the integrity of claims. This form underscored Illinois’s commitment to supporting homeowners and families bearing the brunt of educational costs, subject to adherence to the state’s detailed filing instructions.

QuestionAnswer
Form Name2015 Illinois Schedule Icr Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesillinois department schedule, illinois schedule credits, icr tax form, department icr il

Form Preview Example

 

Illinois Department of Revenue

 

 

*60512201W*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020 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 14 and

 

 

 

 

Complete this schedule only if you are eligible for the

 

 

Schedule CR, if applicable, before completing this schedule.

 

 

 

 

Illinois Property Tax Credit - SEE PUBLICATION 108.

 

 

The total amount of Illinois Property Tax Credit and K-12

 

 

 

 

 

 

Education Expense Credit cannot exceed tax.

 

 

 

 

K-12 Education Expense Credit - SEE PUBLICATIONS 112, 119,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AND 132.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 Enter the amount of tax from your Form IL-1040, Line 14.

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

.00

 

2 Enter the amount of credit for tax paid to other states from your Form IL-1040, Line 15.

2

 

 

 

 

 

 

.00

 

3 Subtract Line 2 from Line 1.

 

 

 

 

 

 

 

 

 

 

 

3

 

 

 

 

 

 

.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

 

 

tax year for the real estate that includes your principal residence.

4a

.00

bEnter the county and property number of your principal residence. See instructions.

4b

County

Property number

cEnter the county and property number of an adjoining lot, if included in Line 4a.

4c

County

Property number

dEnter the county and property number of another adjoining lot, if included in Line 4a.

4d

County

Property number

eEnter the portion of your tax bill that is deductible as a business expense on U.S. income tax forms or schedules, even

 

 

if you did not take the federal deduction.

4e

.00

 

 

 

 

f

Subtract Line 4e from Line 4a.

4f

.00

 

 

 

 

g

Multiply Line 4f by 5% (.05).

4g

.00

 

 

 

5

Compare Lines 3 and 4g, and enter the lesser amount here.

 

5

.00

 

6

Subtract Line 5 from Line 3.

6

.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(s) you received from your student’s school to claim an education expense credit.

7a Enter the total amount of K-12 education expenses from Line 11

 

of the worksheet on the back of this schedule.

7a

.00

b

You may not take a credit for the first $250 paid.

7b

250.00

c

Subtract Line 7b from Line 7a. If the result is negative, enter “zero.”

7c

.00

dMultiply Line 7c by 25% (.25). Compare the result and $750, and

enter the lesser amount here.

7d

.00

 

 

 

8 Compare Lines 6 and 7d, and enter the lesser amount here.

 

8

.00

 

 

 

 

 

 

 

Section C - Total Nonrefundable Credit

9Add Lines 5 and 8. This is your nonrefundable credit amount. Enter this amount on

Form IL-1040, Line 16.

9

.00

IL-1040 Schedule ICR Front (R-12/20)

Printed by authority of the State of Illinois - web only, 1.

This form is authorized as outlined under the Illinois Income Tax Act. Disclosure of this information is required. Failure to provide information could result in a penalty.

*60512202W*

K-12 Education Expense Credit Worksheet

You must complete this worksheet and attach any receipt(s) you received from your student’s school to claim an education expense credit.

10Complete the following information for each of your qualifying students. If a student attended more than one qualifying school during the calendar year, please list separately. If you need more space, attach a separate piece of paper following this format.

A

B

C

D

E

F

G

Student’s name

Social Security number

Grade

School name

School city

School type

Total tuition,

 

 

(K-12 only)

(IL K-12 schools only or enter

(IL cities only)

(check only one)

book/lab fees

 

 

 

“home school,” if applicable)

 

P = Public

 

 

 

 

 

 

N = Non-public

 

 

 

 

 

 

H = Home school

 

a

 

 

 

 

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

P

N

H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b

 

 

 

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

P

N

H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

c

 

 

 

 

 

 

-

 

 

 

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N

H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

d

 

 

 

 

 

 

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P

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H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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P

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H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

f

 

 

 

 

 

 

-

 

 

 

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P

N

H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

g

 

 

 

 

 

 

-

 

 

 

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P

N

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P

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H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

j

 

 

 

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

P

N

H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11Add the amounts in Column G for Lines 10a through 10j (and the amounts from Column G of any additional pages you attached). This is the total amount of your qualified education expenses for

this year. Enter this amount here and on Step 2, Line 7a of this schedule.

11

.00

 

 

 

Warning: Intentionally submitting false information is a crime under Section 1301 of the Illinois Income Tax Act.

IL-1040 Schedule ICR Back (R-12/20)

How to Edit 2015 Illinois Schedule Icr Form Online for Free

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Step 1: Simply click the "Get Form Button" at the top of this page to start up our form editor. This way, you will find all that is needed to work with your document.

Step 2: As you start the PDF editor, you will see the form made ready to be filled out. Other than filling in various blank fields, it's also possible to perform many other actions with the PDF, namely adding custom words, editing the initial textual content, inserting images, affixing your signature to the form, and a lot more.

This form will need particular info to be filled in, therefore you need to take whatever time to provide precisely what is required:

1. It's very important to complete the of schedule icr correctly, thus be attentive when working with the sections comprising these blanks:

Stage # 1 for submitting department icr information

2. Once your current task is complete, take the next step – fill out all of these fields - f g, Multiply Line f by , Compare Lines and g and enter, Section B K Education Expense, e f g, You must complete the K Education, of this schedule and attach any, of the worksheet on the back of, b You may not take a credit for, c Subtract Line b from Line a If, d Multiply Line c by Compare the, enter the lesser amount here, Compare Lines and d and enter, Section C Total Nonrefundable, and b c with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

department icr information writing process explained (stage 2)

3. Through this stage, examine Complete the following, School city IL cities only, School type check only one booklab, N Nonpublic, home school if applicable, b c d e f g, h i j Add the amounts in Column G, and H Home school. Every one of these need to be filled out with utmost attention to detail.

h i j Add the amounts in Column G, b c d e f g, and Complete the following inside department icr information

4. This next section requires some additional information. Ensure you complete all the necessary fields - h i j Add the amounts in Column G, Warning Intentionally submitting, and IL Schedule ICR Back R - to proceed further in your process!

h i j Add the amounts in Column G, IL Schedule ICR Back R, and Warning Intentionally submitting inside department icr information

It's very easy to make a mistake while filling in the h i j Add the amounts in Column G, consequently you'll want to go through it again before you'll finalize the form.

Step 3: Right after proofreading your entries, hit "Done" and you're done and dusted! After creating a7-day free trial account with us, you will be able to download of schedule icr or email it directly. The form will also be readily available in your personal account page with your every change. We do not sell or share any details you provide while completing documents at our site.

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