TAXATION – Amends and adds to existing law to provide certain deductions to income taxes and to provide for an increased food tax credit for seniors.

Idaho bill H 605 increases tax credits for seniors and adds deductions for certain income. It raises the annual food tax credit for Idaho residents from $100 (2022) to $155 (2025 onward), with an additional $50 credit for seniors aged 65+ who file taxes. The bill also creates a temporary deduction (2026-2028) for qualified tips and premium overtime pay, reducing taxable income. These changes directly affect Idaho residents filing state taxes, particularly seniors and workers earning tips or overtime. The credit is refundable if taxes owed are less than the credit amount.