Idaho Catholic Schools Tax Credit Program
By supporting our parish school, you help contribute to providing young people the gift of Catholic education. If you work for a corporation, check and see if they have a matching contribution program. That way you might each get a triple tax break and the school would receive a double benefit.
Idaho Education Tax Credit
Your gift to St. Mark’s School can truly make a difference in the lives of our students, and through 2020, a donation to St. Mark’s School can provide the donor with a triple tax credit! The Idaho Education Tax Credit lets you support St. Mark’s School with dollars you would otherwise pay on your Idaho Income Tax Return.
Donations to St. Mark’s School qualify for a 50% tax credit- a reduction in the actual tax you owe. If you itemize your taxes, a donation to St. Mark’s School allows income tax deductions on both your state and federal returns, plus a 50% Idaho income tax credit.
Idaho individuals may take up to 50% of a gift of $1,000 (a tax credit of $500)
Idaho Married couples may take up to 50% of a gift of $,2000( a tax credit of $1,000)
Idaho corporations may take up to 50% of a gift of $10,000 (a tax credit of $5,000)
Your tax benefit is dependent on your personal income level and filing status. Please contact your tax consultant for additional information.