Steps 3 & 4: Reserve Your Tax Credit
Step 3: Reserving Your Tax Credit
Now that you have your MyTax.Illinois.gov account, with your own username and password, we may reserve your tax credit.
3a. Login to your account at MyTax.Illinois.gov
3b. After accessing the correct account, select “Contribute to Invest in Kids.”
3c. Acknowledge that this contribution will NOT be eligible for a Federal Tax Deduction.
3d. Select a Region where your funds will be designated (not necessarily where you live): to benefit St. Mary of the Angels you must select Cook County and EmpowerIllinois or Big Shoulders as your SGO. Also enter the full amount of your scholarship pledge (the state will calculate your tax credit).
Step 4: Wait for an Email from the Illinois Department of Revenue
It should come within 3 business days with instructions (mine came the same day).
4a. Log back into your MyTax.Illinois.gov account and click the CORRESPONDENCE tab
4b. View your Invest in Kids Contribution Authorization Certificate (CAC). This is a PDF letter you can download to your computer. It has needed information
- A Certificate Number
- The name of the Scholarship Granting Organization (such EmpowerIllinois or Big Shoulders)
- Contribution Due Date