Can I receive credit for contributions made to educational entities?

Can I receive credit for contributions made to educational entities?

Idaho FAQ- Credit for Contributions to Idaho educational entities
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 Can I receive credit for contributions made to educational entities?
If you donated cash or goods to qualified educational entities, you may claim a tax credit. If you claimed or earned the credit for qualifying new employees.

The credit is limited to the smallest of:

  • one-half of the amount donated,
  • 20% of the tax on line 45,
  • $100 ($200 on a joint return),
  • the tax on line 45 less the amount on line 46.
  • A qualified educational entity includes:

  • a nonprofit corporation, fund, foundation, research park, trust, or association organized and operated exclusively for the benefit of Idaho colleges and universities
  • a nonprofit, private or public Idaho school (elementary, secondary or higher education) or its foundation
  • Idaho education public broadcast system foundations
  • the Idaho State Historical Society or its foundation
  • an Idaho public library or its foundation
  • an Idaho library district or its foundation
  • an Idaho public or private nonprofit museum
  • the Idaho State Library
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