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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 What is Idaho long-term care insurance?

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  LONG-TERM CARE INSURANCE You may deduct the amount you paid in premiums for qualified long-term care insurance that isn't otherwise deducted or accounted for. If you claimed a deduction for long-term care insurance on your federal Form 1040, Schedule A, calculate the long-term care insurance allow...
Posted in: States, Idaho

Orange arrow Do I qualify for the Idaho research activities credit?

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  Form 67 is used to calculate the credit for Idaho research activities (Idaho research credit) earned or allowed. The credit is earned by increasing research activities in Idaho. Each member of a unitary group that earns or is allowed the credit must complete a separate Form 67. Qualified Researc...
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Orange arrow How do I file an amended return for Idaho?

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  Amending a return Sometimes it's necessary to change, correct, or update a return that's already been filed. To do this, the income tax return must be "amended," which is generally done by mail. However, the amended return can be filed electronically if the original return was filed electronically...
Posted in: States, Idaho

Orange arrow How do I contact the Idaho state department?

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  General Tax Questions If your tax question was not answered on tax.idaho.gov please email tax.rep.@tax.idaho.gov Income tax returns Idaho State Tax CommissionPO Box 56Boise ID 83756-0056 General correspondence Idaho State Tax CommissionPO Box 36Boise ID 83722-0410 Call Call us at (208) 334-7...
Posted in: States, Idaho

Orange arrow Idaho Incentive Investment Tax Credit

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  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. ...
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Orange arrow How Do I Calculate Idaho Net Operating Loss?

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  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 Can I deduct my Idaho health and long-term care insurance?

1276 views
  You may deduct the amount you paid in premiums for qualified long-term care insurance that aren't otherwise deducted or accounted for. If you claimed a deduction for long-term care insurance on your federal Form 1040, Schedule A, calculate the long-term care insurance allowed as a deduction by usin...
Posted in: States, Idaho

Orange arrow Can I deduct my Idaho medical savings account contributions?

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  IDAHO MEDICAL SAVINGS ACCOUNT CONTRIBUTIONS AND INTEREST You may contribute up to $10,000 ($20,000 if married filing a joint return) to an Idaho medical savings account and deduct the contribution. Deductible contributions don't include reimbursements that were redeposited into your Idaho medical ...
Posted in: States, Idaho

Orange arrow How do I get Idaho credit for taxes paid to another state?

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  When the same income is taxed by both Idaho and another state, you may be entitled to a credit for tax paid to the other state. Use Form 39R to compute the credit. You must include a copy of the other state’s income tax return and Form 39R. If credit applies to more than one state, use a sepa...
Posted in: States, Idaho

Orange arrow What is the Idaho investment tax credit?

1015 views
  Form 49 is used to calculate the investment tax credit (ITC) earned or allowed. Each member of a unitary group of corporations that earns or is allowed the credit must complete a separate Form 49. Property Used Both In and Outside Idaho If property is used both in and outside Idaho, compute the ...
Posted in: States, Idaho

Orange arrow Do I qualify for Idaho investment tax credit carry-over?

1190 views
  Carryover Period ITC earned in tax years beginning on or after January 1, 2000, can be carried forward up to 14 succeeding tax years. Credit earned in tax years beginning before 2000 can also be carried forward up to 14 tax years if the 7-year carryover allowed for these years didn't expire before...
Posted in: States, Idaho

Orange arrow How do I file an Idaho extension?

1372 views
  If you can't file your Idaho state income taxes by April 15, 2019, you may be eligible to get an automatic six-month extension without filing a form. To qualify, you need to pay either an estimated 80 percent of your current year's tax liability or 100 percent of what you paid for state income tax...
Posted in: States, Idaho

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

1393 views
  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 I owe Idaho taxes. What are my payment options?

1589 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...
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