Idaho Education Tax Credit:
Take Advantage of the Idaho Education Tax Credit!
As an Idaho taxpayer, your donations to Foothills School of Arts and Sciences may be eligible for a 50 percent education tax credit. This credit is available regardless of whether or not you itemize deductions.
Note: A tax credit is a reduction to the actual tax you owe or an increase in your refund.
- Idaho Married Couples may take up to 50% of a $2,000 gift (a tax credit of $1,000)
- Idaho Individuals may take up to 50% of a $1,000 gift (a tax credit of $500)
- Idaho Corporations may take up to 50% of a $10,000 gift (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.
*Visit Idaho's Legislature website for more information.