It's not too late to learn about 2022 charitable contributions to benefit Illinois Tax Credit Scholarships.
As an example, a $1000 contribution will cost you only $250 after a 75% state income tax credit and will be matched 1 for 1. That means your after-tax final cost of $250 will result in $2000 for financial aid scholarships, and you can designate students at Queen of All Saints School, or a wider group of schools, to receive those funds.
Sounds too good to be true? It's for real. We will talk more about this in coming weeks, but first, make sure you have a letter ID from the State of Illinois.
Step 1 - Log on to mytax.illinois.gov to REQUEST LETTER ID. If you already have an account, enter your username and password to verify. If you do not have an account, scroll down to the “Individuals” box on the left.
Step 2 - Click on “Request a Letter ID.”
Step 3 - Enter your Social Security Number and one of the following:
IL-PIN
Most recent adjusted gross income
IL driver’s license number
IL state identification number.
Click “Submit” and enter, confirm your email address, then click “OK” to submit and receive your confirmation. You will receive your Letter ID in the mail at the address on your last year’s tax return within 7–10 business days.
Call the rectory office at 773-736-6060 if you have questions.