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October 24, 2014, 3:34 pm
970 WMAY News

Illinois Lawmakers Look To Give Higher Ed Tax Credits


House Republicans are proposing some tax breaks to help families send their kids to college.

 

The GOP package includes a $1,000 tax credit for families with dependent college students and a total annual income under $150,000.

 

It would also allow more tax deductions for families using private savings programs to put money away for college.

 

The Republicans say they don’t know yet what the impact would be on state revenues, but say the money could be made up elsewhere in the budget.

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