Fill a Valid 2015 Illinois Schedule Icr Form

The 2015 Illinois Schedule ICR form is a document used to claim various tax credits, including the Illinois Property Tax Credit and the K-12 Education Expense Credit. Taxpayers must complete this form alongside their Form IL-1040 to determine their eligibility for these credits. Understanding the requirements and steps involved can help maximize potential savings on your tax return.

To get started on filling out the form, click the button below.

Open 2015 Illinois Schedule Icr Editor

Open 2015 Illinois Schedule Icr Editor

Table of Contents

The 2015 Illinois Schedule ICR form plays a crucial role for taxpayers seeking to claim specific credits that can reduce their tax liability. This form is attached to the Illinois Form IL-1040 and is essential for those eligible for the Schedule CR. The Schedule ICR allows taxpayers to apply for two primary credits: the Illinois Property Tax Credit and the K-12 Education Expense Credit. The property tax credit helps alleviate some of the financial burden associated with real estate taxes on a principal residence, while the education expense credit supports families with K-12 educational costs. To complete the form, individuals must provide basic information such as their name and Social Security number, and follow a structured process to calculate their nonrefundable credits. This includes detailing property tax payments and education expenses, which requires gathering receipts from schools. By understanding the components and requirements of the Schedule ICR, taxpayers can take full advantage of these credits and potentially lower their overall tax bill.

Example - 2015 Illinois Schedule Icr Form

Illinois Department of Revenue

*60512211W*

2021 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 due.

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.

.00

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

.00

3 Subtract Line 2 from Line 1.

.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.

County

Property number

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

County

Property number

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

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.

.00

IL-1040 Schedule ICR Front (R-12/21)

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.

*60512212W*

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

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-12/21)

▼ PDF

Document Breakdown

Fact Name	Description
Form Purpose	The 2015 Illinois Schedule ICR is used to calculate nonrefundable credits related to property taxes and K-12 education expenses for individuals filing their state income tax returns.
Eligibility Requirements	Taxpayers must complete Form IL-1040 through Line 14 and be eligible for the Schedule CR to utilize the Schedule ICR.
Credit Limits	The combined total of the Illinois Property Tax Credit and K-12 Education Expense Credit cannot exceed the amount of tax owed.
Governing Law	This form is authorized under the Illinois Income Tax Act, which mandates the disclosure of information for tax credit eligibility.

Please rate Fill a Valid 2015 Illinois Schedule Icr Form Form

4.75

First-rate

20 Votes

Create More PDFs

Can I Send My Child to a Different School District - A tool to simplify the Illinois school transfer process by standardizing the verification of critical student information.

By utilizing the California Divorce Settlement Agreement form, individuals can clearly define their divorce terms, helping to prevent any potential misunderstandings or disputes. This structured approach covers essential aspects such as asset division, debts, and child custody arrangements. Ensure you have a comprehensive document by accessing resources like California Templates for assistance in filing the necessary paperwork effectively.

Il Medicaid Redetermination - Providers need to detail their electronic billing capabilities, including the type of pharmacy software used if applicable.