Form Il 1040 Rcpt PDF Details

When it comes to managing educational expenses, the IL 1040 Rcpt form plays a crucial role for taxpayers in Illinois. Crafted by the Illinois Department of Revenue, this form serves as a receipt for qualified education expenses incurred within a calendar year. It's designed for use by school personnel, who complete and distribute it to parents or guardians of students. The importance of this document becomes evident during the tax season as recipients are required to attach it to their Form IL-1040, Individual Income Tax Return, to claim an Illinois Income Tax credit for education expenses. The form meticulously records various types of schooling costs including tuition, book fees, and lab fees for students in kindergarten through 12th grade. It's structured to ensure that if a taxpayer has more than five students attending the same school or if children are attending different schools, multiple receipts can be managed accordingly. Proper completion of the ED Worksheet, found in the Form IL-1040 Instructions, is essential for figuring the amount of credit, with the IL 1040 Rcpt providing the necessary totals to be reported. This demonstrates the form's crucial role in facilitating educational expense management and providing tax relief for Illinois residents.

QuestionAnswer
Form NameForm Il 1040 Rcpt
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesk 12 education expense credit, k 12 education expense credit illinois, il k 12 education expense credit, illinois education expense credit 2020

Form Preview Example

Illinois Department of Revenue

Receipt for Qualified Education Expenses

 

 

 

 

 

 

 

 

Calendar year

To be completed by school personnel and distributed to parents or guardians

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recipients: Attach this receipt to your Form IL-1040, Individual Income Tax Return, if you figure an Illinois Income Tax credit for education expenses. You may have more than one receipt if you have more than 5 students attending the same school or if your children attend different schools.

You must complete the ED Worksheet in the Form IL-1040 Instructions to figure the amount of your credit.

Received From:

(This required information may be provided

by the recipient.)

 

Paid to:

 

 

Name of parent or guardian

 

Name of school

 

 

 

Address of parent or guardian

 

Address of school

 

 

 

City, State, ZIP of parent or guardian

City, State, ZIP of school

 

(

)

Social Security number of parent or guardian

 

Telephone number of school

Name of Student

Social Security Number

Grade

Tuition

Book Fees

Lab Fees

Total

 

(This required information may

(K-12 only)

 

 

 

 

 

be provided by the recipient.)

 

 

 

 

 

1

2

3

4

5

6Add the amounts in the “Total” column. This is the amount of your education expenses. Write this amount on Line 1 of the ED Worksheet found in the Form IL-1040 Instructions. The ED Worksheet allows you to figure your education expense credit.

Total

IL-1040-Rcpt (R-1/04)

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How you can fill out k 12 education expense credit illinois step 1

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Simple tips to complete k 12 education expense credit illinois part 2

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k 12 education expense credit illinois conclusion process detailed (stage 3)

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