Idaho Education Tax Credit

Donations to the Education Foundation of Teton Valley qualify for a 50% tax credit — a reduction in the actual tax you owe. If you itemize your taxes, a donation to Education Foundation allows income tax deductions on both your state and federal returns, plus a 50% Idaho income tax credit.

  • Idaho individuals may take up to 50% of a gift of $1,000 (a tax credit of $500)
  • Idaho married couples may take up to 50% of a gift of $2,000 (a tax credit of $1,000)
  • Idaho corporations may take up to 50% of a gift of $10,000 (a tax credit of $5,000)

Your tax benefit is dependent on your personal income level and filing status. Please contact your tax consultant for additional information.  

TITLE 63 REVENUE AND TAXATION CHAPTER 30 INCOME TAX

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