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Tax Credit Scholarships in Illinois Q&A On August 31, 2017, Governor Bruce Rather signed into law to Invest in Kids Act, a comprehensive education funding bill for Illinois. The law includes a provision

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What is tax credit scholarships in?

Tax credit scholarships are scholarships funded by donations from individuals and businesses, which are then used to provide financial aid for students to attend private schools.

Who is required to file tax credit scholarships in?

Donors who contribute to tax credit scholarship programs are required to file the necessary paperwork to claim the tax credit.

How to fill out tax credit scholarships in?

To fill out tax credit scholarship forms, donors need to provide information about the amount of donation, the recipient organization, and any other required details.

What is the purpose of tax credit scholarships in?

The purpose of tax credit scholarships is to provide financial assistance to students attending private schools who may not otherwise be able to afford tuition.

What information must be reported on tax credit scholarships in?

Donors must report the amount of their donation, the recipient organization, and any other required information specified by tax authorities.

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