A tax reminder - Clearwater Tribune: Community News

A tax reminder

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Posted: Wednesday, February 13, 2019 12:00 pm

To everyone who donated to the Clearwater Memorial Public Library Foundation anytime during 2018, you are probably eligible to receive an additional tax credit from the state of Idaho, besides the usual exemption for charity giving. (This is for giving to a public library.) 

Look up Idaho Code Section 63-3028A. The credit is 1/2 (one-half) the total contribution, not to exceed $500 for individual returns, $1,000 for joint returns, $5,000 for corporations, and not to exceed 50% of your income tax liability (10% for corporations.) 

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