2.4.11
Tax Credit for Timothy Families
Tax time is upon us again. Did you know that Timothy Christian School parents can receive up to a $500 tax credit because of the tuition that they pay? You can do this by completing a “Receipt for Qualified Education Expenses” form which can be downloaded from the following website: http://tax.illinois.gov/. Go to the left side and find “Forms.” Go down to near the bottom of the list under the heading “Other” Look for “School Form”. Choose “Form”. This form indicates that it should be completed by the school. However, some of the information is not available to us (e.g. social security numbers). Timothy Christian Schools can provide a receipt with all the tuition amounts for each of your children which you could then transfer to this form.* You can then attach our receipt to the form.
Please note that you must complete the ED Worksheet in the Form IL-1040 instructions to figure the amount of your credit. If you have any questions, feel free to call the business office at 630-833-4616.
*Timothy Christian Schools will not automatically send you a receipt for your 2010 payments. You can request one by calling or stopping in at the business office or e-mailing Lisa Zylstra at zylstral@timothychristian.com. The receipt can be mailed, sent home with a student, or e-mailed directly to you.