2023 Parent Tax Credit Letter
Marcia Wagner
The 2023 Summary of Tuition and Fees paid to St. Bede Academy is now available from FACTS Management Co. The report is only available on-line. Families must log in to their FACTS account on-line to print a Payment Summary for tax purposes which serves as your Receipt for Qualified K-12 Education Expense.
To retrieve and print your Payment Summary visit, www.factsmgt.com and sign-in to your account. Select View Details to the right of Payment Plan & Billing, and then click on the blue box, View Payment Summary. Once on the Payment Summary page verify the year is tax year 2023. A printer-friendly report is available by clicking the Print button in the upper right-hand corner.
The report that is generated will provide fees, both extra-curricular and registration, and tuition paid both on-line to FACTS and to St. Bede Academy in the calendar year 2023.
These instructions and the link to FACTS can also be found on the homepage of the St. Bede Academy webpage at st-bede.com. If you have questions or difficulties logging in to your account please contact FACTS Management Customer Service at 866-412-4637. Other general questions can be directed to me at 815-250-0344 or jmarks@st-bede.com.
It is important to note that not all payments made to St. Bede for fees are eligible for the State of Illinois tax credit. Only the Registration Fee which covers textbooks, lab fees and materials is deductible.
To claim the tax credit, you will need to complete the Education Expense Credit Worksheet in the Form IL-1040 Instructions. Please refer to IL-Publication 132 if you need additional information or call the Illinois Department of Revenue at (800)732-8866.