Illinois Tax Credit Scholarship Program

 

The Invest in Kids Tax Credit Scholarship Program offers a 75% income tax credit to individuals that contribute to qualified Scholarship Granting Organizations (SGOs). The SGOs then provide scholarships for students whose families meet the income requirements to attend qualified, non-public schools in Illinois like Altus Academy.

Donors who give to Empower Illinois receive a 75% tax credit for the amount of their gift, up to $1 million. In addition, any portion of the tax credit may be carried forward for up to five years. Therefore, the tax credit is incentive for a donor to increase the amount they donate to Altus Academy.

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Before reserving your tax credit, you must first establish an account via mytax.illinois.gov to request your letter ID. It may take up to 10 days to receive your letter ID. After receiving your letter ID, you will activate your account on mytax.illinois.gov. Then you will reserve your tax credit. If this is your first time logging into your account after creating it, you will need to enter the Activation Code you received from IDOR after your account was created. You must donate the amount reserved to the SGO of your choice within 60 days or no tax credit will be awarded. After donating, you will receive a certificate of receipt from the SGO and the Department of Revenue will be notified that your donation was made.

Contact alfredo.villegas@altusacademy.org or call the Altus Academy Development Team at (312) 374-3148