Category: News Release
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Free webinar offers tips for filing 2023 income taxes
February 7, 2024
BOISE, Idaho — Feb. 7, 2024 — Filing income taxes doesn’t have to be confusing. Get tips for completing your federal and Idaho tax returns at a free webinar presented by the Idaho State Tax Commission and the Taxpayer Advocate Service. The “Tips for Filing 2023 Income Taxes” webinar runs in February, March, and April. […]
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Arco business owners convicted of income tax evasion
February 1, 2024
BOISE, Idaho — Feb. 1, 2024 — The Butte County District Court recently convicted the owners of an Arco, Idaho construction company of income tax evasion and theft related to money accepted for unfinished work. Kristine Oetting and Ross Boocks received thousands of dollars from clients for construction work their company didn’t complete, and the […]
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File Idaho income tax returns starting Jan. 29
January 22, 2024
BOISE, Idaho — Jan. 22, 2024 — The Idaho State Tax Commission starts processing 2023 Idaho individual income tax returns on Monday, January 29. The Internal Revenue Service begins processing federal returns the same day. The sooner you file your return, the sooner you’ll get your refund. For the first time ever, the Tax Commission […]
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Farmers, ranchers affected by drought have more time to replace livestock and defer tax
October 10, 2023
Farmers and ranchers who were forced to sell livestock due to drought may get extra time to replace the livestock and defer Idaho tax on any gains from the forced sales. This deferral follows the guidelines set by the IRS. The one-year extension gives eligible farmers and ranchers until the end of the tax year […]
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Extended deadline nears for filing income tax returns
October 2, 2023
BOISE, Idaho — Oct. 2, 2023 — Time’s running out to file your 2022 Idaho income tax return. The Idaho State Tax Commission says taxpayers who qualified for an automatic extension to file must send in their return and full payment by October 16. “Over 950,000 individual income tax returns have been filed so far […]
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Radio interview covers yard sales, sales tax, and more
August 10, 2023
Many people aren’t sure if they need to collect and pay Idaho sales tax in situations like school carnivals, holiday bazaars, pet sales, and yard sales. Philip Johnson, Tax Research Specialist at the Tax Commission, recently appeared on KBSU’s Idaho Matters radio show to answer some common questions about sales tax and the occasional sales […]
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Eligible homeowners can now apply online for property tax deferral
August 1, 2023
BOISE, Idaho — August 1, 2023 — You might qualify to have your property taxes deferred under Idaho’s Property Tax Deferral program, which lets you postpone paying taxes on your home and up to an acre of land. You eventually repay the taxes plus interest to the state of Idaho. New this year, you can […]
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Yard sales might qualify for sales tax exemption
July 19, 2023
BOISE, Idaho — July 19, 2023 — Yard sales (or garage sales) are a popular way to declutter and make extra money. Before you start selling unwanted belongings, find out if you’ll need to collect and pay Idaho sales tax. Almost every seller in Idaho must have a seller’s permit, collect sales tax, and send in […]
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Property tax estimator not available for 2023
June 8, 2023
BOISE, Idaho — June 8, 2023 —The Idaho State Tax Commission’s property tax calculator won’t be available to help Idahoans estimate their property taxes for 2023 as a result of recent legislation. The calculator is normally available starting in mid-June. A new property tax relief law (House Bill 292) changed the budget and levy process […]
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Former Chubbuck office manager guilty of embezzlement, tax evasion
May 11, 2023
BOISE, Idaho — May 11, 2023 — A former Chubbuck office manager from Inkom, Candace Raschke, must serve prison time and pay restitution for grand theft and tax evasion. The Bannock County District Court sentenced Raschke to five years fixed and five years indeterminate for grand theft by embezzlement, and three years fixed and two […]