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Nampa Idaho Form Publication 915: What You Should Know
You may also purchase a paper Form 40 or 43, but the costs of that are Tax Credits details, see Idaho Revised Statute 66-919(7)(b)(1). The following credits are available: Child and Dependent Care Credit: You may claim a limited amount for yourself and your qualifying child Up to 3,000. In addition, a parent can claim 2,000 or 1,000 for each child in the family. Unemployment compensation credit and the child and dependent care credit are available to workers in Idaho who are not eligible for the state's personal exemption. If you want to claim the benefit for yourself, click here. Child tax credit: The amount of the credit is determined on a per individual basis, which means there is no limit on the amount a taxpayer and/or other qualifying person may claim. The maximum amount Tax-Exempt Retirement Accounts details, see Idaho Revised Statute 66-919(10). The following retirement accounts are tax-exempt retirement accounts: Retirement bonds; Retirement annuities; Retirement savings plan. Note: Taxpayers are advised that they are not entitled to claim an exemption from the income tax. Also, a taxpayer will not pay any tax on the deferred payments made to a spouse unless the payments become taxable during the period of the marriage. See Publication 531, Individual Retirement Accounts — Retirement Plans and IRAs, for more information. Roth IRA : Individuals who are at least 59½ years of age and an Idaho resident at the time of death do not have to pay state income taxes on any amount of the estate less than 20,000. If the estate includes more than 20,000, there is a 5 percent tax rate on the first 20,000 and a 10 percent tax rate on the remaining amount. If the estate has at least three tax- exempt contributions of less than 100, no estate tax will apply. For taxable amounts over 100, a maximum 10 percent tax rate is added. Individuals at the end of the year who have not taken distributions out of a Roth IRA within three years of the year of death will be taxed on the distribution. See Publication 531, Individual Retirement Accounts — Retirement Plans and IRAs, for more information.
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