Parents who want to be ready to apply for the Idaho Parental Choice Tax Credit should check out the Idaho State Tax Commission’s FAQs at tax.idaho.gov/parentalchoicecredit.
The Idaho Parental Choice Tax Credit is a new refundable tax credit program that provides nearly $50 million in state funds to pay for eligible nonpublic school expenses for Idaho K-12 students and Idaho disabled students up to 21 years of age.
The program allows parents to apply for a tax credit of up to $5,000 for each eligible student, and up to $7,500 for each eligible disabled student. Priority will be given to parents whose total adjusted income doesn’t exceed 300% of the federal poverty level…