Benefit from Idaho's Education Tax Credit
Contributions to educational entities, like Idaho Public Television, qualify for an Idaho tax credit. You can claim this credit on your Idaho tax form whether or not you itemize deductions. The credit is available to all Idaho taxpayers.
• Tax credits reduce your tax liability dollar for dollar.
• The state tax credit is up to 50% or $1,000 of your donations for married couples ($500 for individual).
• For example, a couple filing a joint return can claim a credit up to $1,000 on a contribution of $2,000 or more. If their tax liability was $5,000, the credit reduces it to $4,000.
• If you are able to itemize deductions, you will gain additional federal and state tax reductions from donations to Idaho Public Television.
We encourage you to consult with a tax advisor to discuss your specific situation. Here are some links to Idaho tax forms, publications and legal information:
Idaho Tax Form 40 (see line 23)
Idaho Tax Form 39R (see Part E, Line 1)
Idaho Tax Form Instructions (see page 25)
Idaho Statute — Income tax credit for charitable contributions