1 | Gift Amount | $50 | $75 | $120 | $240 | $500 | $1,000 |
|---|---|---|---|---|---|---|---|
2 | Federal Tax Deduction | -$13 | -$19 | -$30 | -$60 | -$125 | -$250 |
3 | State Tax Deduction | -$4 | -$6 | -$9 | -$18 | -$37 | -$74 |
4 | Idaho Tax Credit | -$25 | -$38 | -$60 | -$120 | -$250 | -$500 |
5 | Your Cost | $8 | $12 | $21 | $42 | $88 | $176 |
6 | This table assumes a 25% tax bracket and filing a joint return. The Idaho Tax Credit is available even if you don't itemize deductions (max $500 single/$1,000 filing jointly). You must itemize to take deductions. Situations vary; you should consult your tax adviser. | ||||||