“Although the new 2025 tax cuts are making headlines this week, analysts with the nonpartisan Idaho Center for Fiscal Policy said many Idaho families who don’t own property won’t experience overall tax relief this year because of the expiration of the Idaho Child Tax Credit.

When taken into consideration with House Bill 40 and House Bill 231, Idaho families earning between $31,100 and $146,000 annually won’t see any tax benefit, the Idaho Center For Fiscal Policy said. Idaho families making between $55,600 and $91,800 should expect to see an overall tax increase of about $100, the Center wrote.

“Idaho lawmakers have made significant cuts to the state’s income tax to provide tax relief to Idahoans this year, but with the expiration of our state Child Tax Credit, most families won’t experience any tax relief,” May Roberts, a policy analyst at the Idaho Center for Fiscal Policy, wrote in a statement. 

Roberts said Idaho legislators could have taken action to ensure low and middle class families aren’t left behind by renewing the Idaho Child Tax Credit, incorporating an income cap, and making the credit refundable.” 

Read the full article here: https://idahocapitalsun.com/2025/04/08/idaho-child-tax-credit-set-to-expire-this-year/