IL HB3821

Doubles the maximum education expense tax credit from $750 to $1,500 for families with qualifying K-12 students, effective for tax years ending on or after December 31, 2025

The credit equals 25% of qualified education expenses (tuition, book fees, and lab fees) exceeding $250 per student at public or nonpublic schools in Illinois

Income limits apply: taxpayers with adjusted gross income exceeding $500,000 (joint filers) or $250,000 (other filers) are ineligible for the credit

The credit cannot reduce a taxpayer's liability below zero and applies to custodians (parents or legal guardians) of Illinois resident students under age 21 enrolled full-time in grades K-12