The Idaho Legislature is considering a proposal that would reduce the number of income tax brackets from seven to five, cut income and corporate tax rates and provide a one-time tax rebate. HB380 is a revised version of HB332, with one significant change, the elimination of two tax brackets, which serves to make Idaho’s tax system more regressive.
Read the full report here: Analysis and Considerations Related to House Bill 380
The Child Tax Credit Provides Tax Relief to All Families with Children
- The Child Tax Credit (CTC) is a tax incentive that provides tax relief for families with children. It is offered by the federal government
