Form Il 1040 Schedule Icr PDF Details

The Illinois Department of Revenue's Schedule ICR form is a critical document for individuals filling out their IL-1040 tax returns, aiming to claim various credits to potentially reduce their tax liabilities. This comprehensive schedule enables Illinois residents to calculate and claim credits for property tax paid on their principal residences, K-12 education expenses, and earned income credit, reflecting the state's effort to provide financial relief in specific areas. The form intricately links the amount of credit one can claim directly to the payments made towards property taxes and qualified education expenses, and is structured to ensure proper calculation and validation of these credits. It mandates the completion of other sections of the IL-1040 and additional worksheets, particularly for education expenses, requiring detailed information such as student names, schools attended, and amounts spent. The inclusion of the Earned Income Credit (EIC) also highlights the state's recognition of the need to support lower-income families through tax mechanisms. Applicants must navigate through several steps, including the determination of nonrefundable and refundable credits, to accurately report their eligibility for these financial benefits. Importantly, this schedule not only demands thorough documentation, such as tax and education expense receipts but also insists on a precise adherence to the eligibility criteria set out by the Illinois Income Tax Act.

QuestionAnswer
Form NameForm Il 1040 Schedule Icr
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other names4a, ICR, 10a, illinois schedule icr

Form Preview Example

Illinois Department of Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2011 Schedule ICR

Illinois Credits

 

 

 

 

 

 

 

 

 

 

 

 

Attach to your Form IL-1040

 

 

 

 

 

 

 

 

 

 

 

 

 

IL Attachment No. 23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Read this information irst

 

 

You must complete IL-1040 through Line 15 and Schedule CR, if

Complete this schedule only if you are eligible for the

 

 

applicable, before completing this schedule.

 

 

 

 

Illinois Property Tax Credit

 

 

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

 

 

 

 

 

 

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 Write the amount of tax from your IL-1040, Line 15.

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

.00

 

2 Write the amount of credit for tax paid to other states from your IL-1040, Line 16.

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)

4a Write the total amount of Illinois Property Tax paid during the

 

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

4a

.00

b

Write the property number for the

 

 

 

 

c

property listed above.

4b

 

 

 

 

 

 

Write the property number for an

 

 

 

 

 

adjoining lot, if included in Line 4a.

4c

 

 

 

dWrite the property number for another

adjoining lot, if included in Line 4a.

4d

eWrite 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 write 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 you received from your student’s school.

7a Write the total amount of K-12 education expenses from Line 13

 

of the worksheet on the back of this schedule.

7a

 

.00

 

 

 

 

b

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

7b

 

250.00

 

 

 

 

c

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

7c

.00

 

 

 

 

d

Multiply Line 7c by 25% (.25). Compare the result and $500, and

 

 

 

 

 

 

 

 

 

write the lesser amount here.

7d

.00

 

 

 

 

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

 

 

8

.00

 

 

 

 

 

 

 

 

 

 

 

Section C - Total Nonrefundable Credit

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

Form IL-1040, Line 17.

9

.00

 

 

 

 

 

 

*160501110*

Continued on Page 2

IL-1040 Schedule ICR (R-12/11)

Page 1 of 4

 

Schedule ICR — Page 2

Step 3: Figure your refundable credit

Earned Income Credit

10 a

Write the amount of federal EIC as shown on your

 

 

 

U.S. 1040, Line 64a; U.S. 1040A, Line 38a; or

 

 

 

U.S. 1040EZ, Line 8a.

10a

.00

b

Multiply the amount on Line 10a by 5% (.05).

10b

.00

cIllinois residents: Write 1.0.

Nonresidents and part-year residents: Write the decimal from

Schedule-NR, Line 48.

10c

 

d Multiply Line 10b by the decimal on Line 10c.

10d

.00

11Write the amount from Line 10d here. This is your Illinois

Earned Income Credit. Write this amount on Form IL-1040, Line 28.

11

.00

Section B Continued - K-12 Education Expense Credit Worksheet (continued from Step 2, Section B)

You must complete this section and attach any receipt you received from your student’s school.

12Complete 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

 

Student’s name

 

Social Security number Grade

School name

 

School city

Total tuition,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(K-12 only)

(IL K-12 schools only or write

 

(IL cities only)

book/lab fees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“home school,” if applicable)

 

 

 

 

 

 

 

a

 

 

 

 

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b

 

 

 

 

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

c

 

 

 

 

 

 

 

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-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

d

 

 

 

 

 

 

 

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-

 

 

 

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g

 

 

 

 

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

h

 

 

 

 

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

i

 

 

 

 

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

j

 

 

 

 

 

 

 

-

 

 

 

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13Add the amounts in Column F for Lines 12a through 12j (and the amounts from Column F of any additional pages you attached). This is the total amount of your qualiied education expenses for

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

13

.00

*160502110*

Page 2 of 4

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.

IL-1040 Schedule ICR (R-12/11)

Illinois Department of Revenue

Schedule ICR IL-1040 Instructions

General Information

What is the purpose of Schedule ICR?

Schedule ICR, Illinois Credits, allows you to igure the total amount of property tax, K-12 education expense, and earned income credits you may claim on Form IL-1040, Individual Income Tax Return.

What must I attach to Form IL-1040?

If you enter an amount on Form IL-1040, Line 17 or Line 28, you must attach Schedule ICR and any other required documentation listed in the “Step-by-Step Instructions” of this schedule to your Form IL-1040.

Am I eligible for a property tax credit?

You may igure a credit for the Illinois property taxes you paid in 2011 on your principal residence (not a vacation home or rental property) for the time you owned and lived at the property during 2010, if that residence was in Illinois. Nonresidents of Illinois may not take this credit.

You may not igure a credit for mobile home privilege tax, penalties, or fees included in your property tax bill, or the portion of the property that is deductible as a business expense.

Illinois property you purchased

You may igure a credit for Illinois property you purchased

during 2010 providing you igure only that portion of your taxes that pertains to the time you owned and lived at the property during 2010. You may not take a credit for taxes you paid if the seller reimbursed you at the time of closing. You also may not take a credit on your 2011 return for property you purchased in 2011.

Illinois property you sold

You may igure a credit for Illinois property you sold in 2011 by combining the 2010 property tax paid in 2011, as well as a portion of the 2011 tax paid based on the time you owned and lived at the property during 2011. You may not take a credit on your 2011 return for property sold during 2010.

For more information, see Publication 108, Illinois Property Tax Credit.

Am I eligible for a K-12 education expense credit?

You may igure a credit for qualiied education expenses, in excess of $250, you paid during 2011 if

you were the parent or legal guardian of a full-time student who was under the age of 21 at the close of the school year,

you and your student were Illinois residents when you paid the expenses, and

your student attended kindergarten (at a school that also has a irst grade) through twelfth grade at a public or nonpublic school in Illinois during 2011.

You must complete Section B of Schedule ICR, including the K-12 Education Expense Credit Worksheet to claim this credit.

any receipts you received from your student’s school.

If you home school your child(ren), see Publication 119, K-12 Education Expense Credit General Rules and Requirements for Home Schools.

receipts for education expenses.

If you are the parents or legal guardians of a qualiied student and you are iling separate Illinois returns, you may each claim an education expense credit. However, you both may not claim a credit for the same expenses, and the total amount of credit claimed between both parents or guardians may not exceed $500.

Qualiied education expenses

Education expenses that qualify for this credit include

tuition (including summer school classes meeting elementary or secondary graduation requirements).

book fees covering the rental of books that were required as a part of the school’s education program.

lab fees covering the use of supplies, equipment, materials, or instruments that were required as part of a lab course in the school’s education program.

For example, if you rented a musical instrument from the school (not from a business)

for a class, or

for participation in an extracurricular activity that resulted in a credit toward completion of the school’s education program,

this rental expense qualiies as an education expense.

Education expenses that do not qualify for this credit include

expenses paid to a daycare, preschool, kindergarten at a school that does not also have a irst grade, college, university, independent tutoring service, or trade school.

expenses paid for the purchase of supplies, books, or equipment that are not signiicantly used up during the school year (E.G., purchasing musical instruments, costumes for a play).

expenses paid for the use of supplies, equipment, materials,

or instruments if the program does not result in a credit towards completion of the school’s education program.

expenses paid directly to a business (E.G., renting a musical instrument from a music store).

expenses for after school care, even if paid to the school. expenses paid for yourself or your spouse.

For more details, see Publication 132, Education Expense Credit General Rules and Requirements for Parents and Guardians.

Am I eligible for the Illinois Earned Income Credit?

If you qualiied for a federal Earned Income Credit (EIC), you also qualify for the Illinois Earned Income Credit.

If you iled a joint federal return and you elected to ile separate Illinois returns because one spouse is an injured spouse, you may each claim the earned income credit. However, the total federal credit reported on Schedule ICR, Line 10a for both spouses cannot exceed the EIC amount claimed on your joint federal return.

IL-1040 Schedule ICR Instructions (R-12/11)

Page 3 of 4

What if I need additional forms or schedules?

If you need additional forms or schedules,

visit our website at tax.illinois.gov, or

call our 24-hour Forms Order Line at 1 800 356-6302.

You may use our toll-free number to order forms 24 hours a day, 7 days a week.

What if I need additional assistance?

If you need assistance,

visit our website at tax.illinois.gov,

call our Taxpayer Assistance Division at 1 800 732-8866 or 217 782-3336, or

call our TDD (telecommunications device for the deaf) at 1 800 544-5304.

Our ofice hours are 8 a.m. to 5 p.m. Monday through Friday.

Step-by-Step Instructions

Step 1: Provide the following information

Write your name and Social Security number as shown on your Form IL-1040.

Section C: Total Nonrefundable Credit

Line 9 — Add Lines 5 and 8, and write this amount on Form IL-1040, Line 17.

Step 2: Figure your nonrefundable credit

Lines 1 through 3 — Follow the instructions on the form.

Section A: Illinois Property Tax Credit

Line 4a — Write the total amount of Illinois Property Tax paid during the tax year for the real estate that includes your principal residence.

Line 4b — Write the property number, sometimes called “property index number,” “parcel number,” or “permanent number” for the property listed on Line 4a.

If you and your spouse each have a principal residence and have included the property tax paid on both residences in Line 4a, enter the property number for the second residence on Line 4c.

Lines 4c and 4d — Write the property numbers for any adjoining lots to your principal residence, if used for residential purposes, for which you are claiming a property tax credit.

Your property number is found near the top of your property tax bill or assessment notice. If your property taxes are paid through your mortgage, you may contact your lender for your property number.

You may also get this number from your county assessor’s ofice. A list of counties, with contact information, is under the “Individuals” section of our website.

Line 4e — Write 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.

Lines 4f through 6 — Follow the instructions on the form.

Section B: K-12 Education Expense Credit

You must complete the K-12 Education Expense Credit Worksheet on the back of Schedule ICR before completing this section.

Line 7a — Write the total amount of K-12 education expenses from Line 13 of the worksheet on the back of Schedule ICR.

Line 7c through 8 — Follow the instructions on the form. any receipts you received from your student’s school.

Step 3: Figure your refundable credit

Lines 10a through 10d — Follow the instructions on the form.

Line 11 — Write this amount on Form IL-1040, Line 28.

Section B Continued: K-12 Education Expense Credit Worksheet

Lines 12a through 12j — Complete one line for each qualifying student, illing out Columns A through F by following the instructions on the form.

If a student attended more than one school during the tax year, please use a separate line for each school.

If you need more space, you may attach a separate piece of paper following this format.

Line 13 — Follow the instructions on the form to igure your qualiied education expenses. Write the total on Step 2, Line 7a of Schedule ICR.

IL-1040 Schedule ICR Instructions (R-12/11)

Page 4 of 4

How to Edit Form Il 1040 Schedule Icr Online for Free

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This PDF form requires specific data to be entered, so you must take some time to enter exactly what is requested:

1. The IL-1040 requires certain details to be typed in. Be sure the following blank fields are filled out:

10a completion process explained (part 1)

2. The subsequent step is usually to fill out all of the following fields: of this schedule and attach any, a Write the total amount of K, 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, Compare Lines and d and write, write the lesser amount here, b c, Section C Total Nonrefundable, Add Lines and This is your, Form IL Line, IL Schedule ICR R, Continued on Page, and Page of.

10a completion process described (part 2)

3. Your next stage is going to be straightforward - complete all the fields in a Write the amount of federal EIC, US Line a US A Line a or, US EZ Line a, b Multiply the amount on Line a by, Illinois residents Write, Nonresidents and partyear, ScheduleNR Line, d Multiply Line b by the decimal, a b, c d, Write the amount from Line d here, Earned Income Credit Write this, Section B Continued K Education, You must complete this section and, and Complete the following in order to finish this part.

Completing part 3 in 10a

4. This particular paragraph arrives with these blanks to type in your details in: a b c d e f g, and Add the amounts in Column F for.

Learn how to complete 10a stage 4

Be extremely mindful while completing Add the amounts in Column F for and Add the amounts in Column F for, since this is where a lot of people make a few mistakes.

Step 3: Before finishing the file, ensure that form fields are filled out as intended. As soon as you are satisfied with it, click on “Done." Right after creating a7-day free trial account here, it will be possible to download IL-1040 or send it via email directly. The document will also be at your disposal in your personal account menu with your adjustments. FormsPal guarantees your information privacy by having a protected method that in no way records or distributes any kind of personal data provided. Be assured knowing your paperwork are kept protected every time you work with our services!

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