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Category: Idaho
28 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?

1530 views
  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?

1011 views
  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...
Posted in: States, Idaho

Orange arrow How do I file an amended return for Idaho?

2583 views
  If your taxable income or tax credits change because of an audit, you must send written notice including an amended return to the Tax Commission within 120 days of the final determination. Include copies of all federal and/or state schedules. If you owe additional Idaho tax and don’t send wri...
Posted in: States, Idaho

Orange arrow How do I contact the Idaho state department?

2571 views
  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 How Do I Calculate Idaho Net Operating Loss?

2653 views
  A net operating loss (NOL) occurs when the amount of Idaho taxable income, after making modifications, is less than zero. Idaho calculates the Idaho NOL differently than the federal NOL, so you must always add back the NOL claimed on your federal income tax return. Idaho allows a deduction to indiv...
Posted in: States, Idaho

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

2223 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?

2143 views
  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?

2643 views
  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?

2014 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?

2026 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?

2236 views
  This is not an extension of time to pay your taxes—it’s an extension to file your return. You automatically get an extension of up to six months to file your return if you’ve paid at least: • 100% of what you paid for state income taxes the year before or • 80% of ...
Posted in: States, Idaho

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

2247 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?

2491 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 How do I calculate Idaho tax penalties?

1935 views
  Penalty and Interest 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 information or to calculate a penalty, see our Penalties and Interest page at tax.idaho.gov/penalties. Interest We ch...
Posted in: States, Idaho


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