What are qualified education expenses for home schooled students?
In general, qualified education expenses are the amounts paid in excess of $250 for tuition, book rental, and lab fees for a student who is in the equivalent of kindergarten through twelfth grade at a home school during the regular school year.
Specifically, qualified education expenses for home schooled children include the amount of
for organized activity involving observation, experimentation, or practice, i.e., science, music, art, or language.
May I claim an education expense credit for my home schooled child?
You may figure a credit for qualified education expenses, in excess of $250, you paid for your home schooled child during the tax year if you were the parent or legal guardian of a full-time student who was under the age of 21 at the close of the school year, you and your student were Illinois residents when you paid the expenses, and your student attended a school providing educational instruction in a home that satisfies the requirements of the truancy law in Section 26-1 of the School Code [105 ILCS 5/26-1].
If you are the parents or legal guardians of a qualified student and you are filing separate Illinois returns, you may each claim an education expense credit. However, you both may not claim a credit for the same expenses, and the total amount of credit claimed between both parents or guardians may not exceed $500.
What home school education expenses do not qualify for an education expense credit?
You will be allowed 25 percent of your student’s qualified education expenses after the first $250. Your total credit may not exceed $500 in any year, regardless of the number of qualifying students.
More details can be found at http://tax.illinois.gov/Publications/Pubs/Pub-119.pdf