Invest in Kids
Illinois enacted the Invest In Kids Scholarship Tax Credit Program in 2017.This program offers a 75 percent income tax credit to individuals and businesses 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 and technical academies in Illinois. Learn more about the income tax credit scholarship program’s funding, eligibility, benefits and regulations. Click here for Invest in Kids Frequently Asked Questions.
Important Dates to Remember
January 17, 2023
Your application must be received by the Department no later than January 17, 2023, to be approved as an SGO for the 2023-2024 school year.
January 31, 2023
A Scholarship Granting Organization (SGO) must report by January 31 of each calendar year. Requirements
Public Act 102-0016 amended the Invest in Kids Act to allow contributions to be made for scholarships to qualified technical academies in addition to other qualified non-public schools. The Act also extended the tax year taxpayers may take a credit to tax years ending before January 1, 2024. For further information, see 35 ILCS 40/1 et seq.