A refundable Idaho earned income tax credit (EITC) would reward work and help Idaho avoid taxing people of modest means into poverty. Families typically qualify for an EITC for short periods of time (usually 1-2 years). A state EITC, funded by the rapidly growing Idaho Tax Relief Fund, would be a targeted tool that returns the benefits of Idaho’s economic recovery to everyday people.
Read the full report here: Targeted Tax Credit: an EITC Would Support Idaho’s Working Families
Conforming with Recent Federal Tax Changes Will Result in Over $284.4 Million in Annual Revenue Loss in Idaho
- H.R. 1, the One Big Beautiful Bill Act (OBBBA) was signed into law this year and will have tax implications at the state level.