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Tax Season: Changes to tax credits and deductions in Idaho
Tax season is here. In Idaho, there are several new or revised tax credits and deductions this year that can save you some serious cash.
According to the Idaho State Tax Commission, more homeowners, who made energy efficient upgrades are qualified for tax deductions this year.
"The old statute allowed insulation upgrades, which includes houses as of 1976, but it’s been amended to houses of 2002, so more homes are available to upgrade to energy efficiency," said Alan Pack, Tax Policy Special with the Idaho State Tax Commission.
So, how much do these homeowners get? "If you upgraded your window, then the total cost of the windows is a deduction you can claim on your Idaho return, plus the installation costs," said Pack.
There's also good news for taxpayers, who made donations and contributions to Idaho educational programs, non-profits and other state programs.
"This also changed in the last legislative session. It was a $100 credit, but they've bumped it up to a $500 credit," said Pack.
Plus, according to the State Tax Commission, almost all residents who have lived in Idaho, during all 12 months of 2012, can qualify for the grocery credit. Even residents, who don't normally make enough to file an income tax return, can get a $90 refund of the grocery tax credit.
"Taxable income of less than a $1,000, the individual is allowed a $100. With income over a $1000, they get a $70 grocery credit," said Pack.
The grocery credit also applies for your spouse and each of your dependents. However, the refund is reduced for those, who received food stamps or were in jail.
Many taxpayers in Idaho can file their taxes electronically for free. If you need help with your taxes, or if you have any questions, you can call for taxpayer help at (208) 334-7660.










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