Idaho Health and Long-Term Care Insurance Deductions
Idaho residents who claim itemized deductions for health insurance premiums or long-term care insurance on their federal Form 1040 or 1040-SR, Schedule A, may be eligible for similar deductions on their Idaho state tax return. However, Idaho requires specific calculations to determine the allowable deduction amount.
Health Insurance Premiums Deduction
- Claimed on federal Form 1040 or 1040-SR, Schedule A.
- Use the worksheet provided in Idaho’s tax guidelines to calculate the Idaho deduction.
- The worksheet follows a priority: itemized deductions first apply to health insurance premiums, then to long-term care insurance.
- Refer to page 35 or page 46 of the Idaho tax guidelines for the specific worksheet (depending on the form version).
Long-Term Care Insurance Premiums Deduction
- Claimed on federal Form 1040 or 1040-SR, Schedule A.
- Use the worksheet provided in Idaho’s tax guidelines to calculate the allowable deduction.
- Enter total long-term care insurance costs deducted on the federal return (line 14).
- Calculate the allowable Idaho deduction by multiplying the federal deduction (line 18, Column A) by the ratio of Idaho income to total federal income (line 1 divided by line 2).
- The result is entered on Form 39NR, line 19, Column A.
Calculation Worksheet Steps
- Total Idaho income from Form 43, VIM 20.
- Total income from federal Form 1040 or 1040-SR, line 9.
- Divide line 1 by line 2 (cannot exceed 100%).
- Enter the amount from Form 39NR, line 18, Column A.
- Allowable Idaho deduction = line 4 × line 3.
Source:
Individual Income Tax guidelines
Form 39NR
Disclaimer: Always verify with the official Federal or State Department of Revenue Forms and Instructions for the most accurate and up-to-date tax guidance.