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Category: Idaho
29 Articles
Orange arrow Can I deduct my insurance premiums on my Idaho return?

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  Health Insurance Premiums Deduct premiums you paid for health insurance for yourself, your spouse, and your dependents if those premiums have not already been deducted or excluded from your income. If you claimed a deduction for health insurance premiums on your federal Form 1040, Schedule A, cal...
Posted in: States, Idaho

Orange arrow Can I deduct my Idaho retirement benefits?

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  Retirement Benefits Deduction If you are age 65 or older, or if you are disabled and age 62 or older, you may be able to deduct some of the retirement benefits and annuities you receive. You cannot claim this deduction if you file married filing separate. If you're an unremarried widow or widower ...
Posted in: States, Idaho

Orange arrow What Idaho voluntary contributions can I select on my return?

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  Donations are voluntary and will either reduce your refund or increase your tax due. Your choice to donate is irrevocable; you cannot get a refund later. These donations may be itemized as charitable contribution deductions on your federal income tax return next year. If you have questions regardin...
Posted in: States, Idaho

Orange arrow Idaho Payment Options

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  Don't send cash. Payments of less than $1 aren't required. We charge a $20 fee on all returned checks. Electronic payments. There's no fee when paying by ACH Debit. If you pay by credit card or e-check, our third-party provider charges a convenience fee. American Express, Discover, MasterCard, ...
Posted in: States, Idaho

Orange arrow I owe Idaho taxes. What are my payment options?

1636 views
  Don't send cash. Payments of less than $1 aren't required. A $20 charge will be imposed on all returned checks. Electronic payments. There's no fee when paying by ACH Debit. If you pay by credit card or e-check, our third-party provider will charge a convenience fee. American Express, Discover, Ma...
Posted in: States, Idaho

Orange arrow Are you required to file an Idaho return?

1154 views
  • Every Idaho resident who must file a federal income taxreturn • Every part-year resident with a total of more than $2,500 gross income from: • All sources while a resident and • Idaho sources while a nonresident • Every nonresident with more than $2,500 gr...
Posted in: States, Idaho

Orange arrow How do I determine my residency status for Idaho?

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  Are you a resident, a nonresident, or a part-year resident? The following will help you decide: You are an Idaho resident, even though you live outside Idaho, if the following are true: You think of Idaho as your permanent home Idaho is the center of your financial, social, and family life Id...
Posted in: States, Idaho

Orange arrow How do I calculate Idaho tax penalties?

1076 views
  Interest: We charge interest on the amount of tax due, line 51, from the original due date until paid. The rate for 2019 is 5%. Idaho law provides penalties for not filing tax returns by the due date, not paying tax due on time, and not prepaying enough on extension returns. For more informa...
Posted in: States, Idaho

Orange arrow Do I owe Idaho sales/use tax?

1261 views
  Sales/Use Tax DueIf you made purchases during the year without paying sales tax, you must report use tax on such purchases. Examples include magazine subscriptions, out-of-state catalog purchases, merchandise purchased over the Internet, book and record clubs, purchases in a state where no sales t...
Posted in: States, Idaho

Orange arrow Idaho Subtractions

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  Some of the Allowable Subtractions from Idaho Income (see instructions for Form 39R): IDAHO NET OPERATING LOSS (NOL) CARRYOVER AND CARRYBACK-Enter the Idaho NOL carryover. Include Form 56 or a schedule showing the application of the loss. If this is an amended return to claim an NOL carryback, ...
Posted in: States, Idaho

Orange arrow Idaho Additions

1327 views
  FEDERAL NET OPERATING LOSS (NOL) CARRYOVER-Generally the allowable federal NOL carryover isn't the same amount allowed on the Idaho return. Enter any NOL carryover included on your federal return. You'll claim the allowable Idaho NOL carryover as a subtraction on Part B, line 1. CAPITAL LOSS CARRY...
Posted in: States, Idaho

Orange arrow How Do I Calculate Idaho Net Operating Loss?

1561 views
  A net operating loss (NOL) occurs when the amount of Idaho taxable income, after making modifications discussed later, is less than zero. Idaho allows a deduction to individuals, C corporations, trusts, and estates in computing Idaho taxable income for an Idaho NOL. S corporations and partnerships ...
Posted in: States, Idaho

Orange arrow Idaho Incentive Investment Tax Credit

1420 views
  The incentive ITC was eligible to be earned on qualified investments in Idaho that were placed in service in tax years beginning in 2001 only. Although the credit can no longer be earned, it may be carried over from 2001 or acquired by transfer from another taxpayer who earned the credit in 2001. ...
Posted in: States, Idaho

Orange arrow When would I use Idaho recapture of Idaho investment tax credit form 49R?

1334 views
  Use Form 49R to compute the increase in tax and reduction to credit carryover for the recapture of investment tax credit. You must recompute the credit if you earned it in an earlier year, but disposed of the property before the end of the five-year recapture period. You must also recompute the c...
Posted in: States, Idaho

Orange arrow Idaho Fuels Use Report Form 75

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  Any person or entity that has purchased 50 gallons or more of Idaho tax-paid gasoline or any quantity of Idaho tax-paid special fuels (diesel, biodiesel, biodiesel blends, propane, or natural gas) and used the fuel for a nontaxable purpose may file for a refund. Only the final user (consumer) of t...
Posted in: States, Idaho


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