Invest in Kids Scholarship Tax Program

The State of Illinois legislature passed an act in 2017 called the Invest in Kids Act (35 ILCS 40/1), which creates scholarship opportunities for families with limited financial resources to attend private schools, such as ours. 

DONATIONS TOWARDS SCHOLARSHIPS TO STUDENTS IN NEED ARE ELIGIBLE FOR A 75% STATE TAX CREDIT!

Imagine this: You make a $400 donation, $400 goes to the kids and you get back $300! That's what we call Return on Investment! Your $100 contribution becomes $400 towards the education and a bright future for a student in need.

LAST YEAR WE AWARDED OVER 115 FULL SCHOLARSHIPS thanks to this program. 

This year's goal is 245 student scholarships. Please partner with us and make this a reality.

Call Rabbi Moshe Wolf at 847-828-1841 or email mwolf@clhds.com  

Read our brochure 

Read the Illinois Dept of Revenue informational bulletin

How to donate manual

 

*Instructions for claiming your 2018 tax credit:

Please share the following information with your accountant or tax preparer:

To file your 2018 Invest in Kids Tax Credit, you will need to submit IL Schedule 1299-C and enter the information in Lines 21-41 as follows: 

Column A - Years Left to Carry = 5.  

Column B - Credit Code = 5660 Invest in Kids. 

Column C – IL Tax Year Credit Earned = 2018

Column D - Identifying Number = enter the Certificate No. from your Invest in Kids Certificate of Receipt. 

Column E - Credit Earned or Carried = Enter your tax credit amount. This number equals to 75% of your donation to Empower Illinois.

Column G - Total Credit = Enter credit amount again.

Column I - Credit Applied = Enter the total credit you'll be applying to the 2018 tax year. 

Column J - Credit Carried Forward = Enter credit amount you'll be carrying over into 2019 or beyond.

Please note: If you made more than one contribution, you will need to fill a separate line for each contribution with its Certificate of Receipt.

You can find your Certificate of Receipt by logging into your MyTax Illinois account> click "Correspondence" > click "View Letters" in the Unread Letters column > "Invest in Kids Cert of Receipt".