To receive a deduction for 2014, individuals or corporations must donate to the library by December 31, 2014.
The “What a Deal” Idaho Tax Credit fact sheet for 2014, designed to help you promote donations to your public library or library district is available here and on the Idaho Commission for Libraries website at http://libraries.idaho.gov/page/public-library-contribution-tax-credit. The credit is limited to the smallest of one-half of the amount contributed, 50% of the individual’s income tax, or $500 ($1,000 on a joint return).
Please copy the fact sheet freely and use it to encourage members of your community to donate to your library.
If you have questions, check with your accountant or the Idaho State Tax Commission for complete information.