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juliemzavala
New Member

HomeSchool Deduction - Illinois

In Illinois, homeschool expenses can be deducted, including lab costs (like gym, art, science, etc.). I have calculated costs for materials (books), as well as costs for dance (gym) and voice and piano (music). Can all three of these be added together and deducted, or is it safer to just stick with materials?
1 Reply
Anita01
New Member

HomeSchool Deduction - Illinois

Not all materials are deductible, see the following description of nondeductible expenses.

Since the maximum credit is $500, with the first $250 spent not counting toward the credit.you can really only receive a credit on expenses up to $2250, so focus on gathering amounts that make up that amount, not just all expenses.

"Education expenses that do not qualify for an education expense credit include the amount of expenses paid to purchase items that are not significantly used up during the student’s participation in the class (e.g., non-consumable textbooks, flash cards, wall maps, calculators, etc.). expenses paid to purchase an item that will remain the personal property of the student, parent, or legal guardian at the end of the school year (e.g., payments made toward the purchase of a band instrument or athletic equipment). mileage or travel expenses paid to travel to school, lab activities, or field trips. expenses paid for tutoring or enrichment classes that do not count toward meeting the required curriculum."

You will be allowed 25 percent of your student’s qualified education expenses after the first $250. Your total credit may not exceed $500 in any year, regardless of the number of qualifying students. 

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