Idaho Tax Credit
Take Advantage of the Idaho Education Tax Credit
The Idaho Education Tax Credit is a great way for friends of the Boise Art Museum to support BAM while maximizing the tax advantages. Each and every contribution helps the Museum create visual arts experiences, engage people, and inspire learning through exceptional exhibitions, collections, and educational opportunities.
Idaho State Tax Credit for 2022
Donors to the Boise Art Museum, a qualifying Idaho nonprofit museum, may be eligible for a 50% tax credit – a reduction in the actual tax you owe.
The state tax credit is up to 50% or $1,000 of your donation for married couples filing jointly and up to 50% or $500 for individuals. If you are able to itemize deductions, you will gain additional federal and state tax reductions from donations to the Boise Art Museum.
Here’s how it works:
1. You make a gift to the Boise Art Museum.
2. The state provides a tax credit worth 50% of the gift, up to a maximum tax credit of $1,000 for married couples filing jointly or $500 for single filers.
3. You may also be eligible for charitable income tax deductions on both your federal and state tax returns, making your out-of-pocket expense even lower.
4. Your generous gift ensures that people throughout our community continue to learn, create and connect at BAM.
Please note that your tax benefit is dependent on your personal income level and filing status. We encourage you to consult with your financial advisor to develop the best contribution plan for your personal circumstances.
Boise Art Museum is a 501(c)(3) non-profit, educational, and charitable organization. Federal Tax ID number 82-0256187.