Child tax credit: Payment worth $205 per child to be sent to Idaho families in 2024

Idaho is one of various states offering a child tax credit to eligible taxpayers in 2024, even as the federal version of the tax credit lapsed in 2022.

The Gem State has offered a child tax credit since 2018 and will continue to offer the $205-per-child credit for eligible families into next year.

ELECTION SECURITY AT CENTER OF VOTING SOFTWARE DEBATE FOLLOWING RECOMMENDATIONS TO UPDATE

The state offers the tax credit to families with children under the age of 17 or to those who are permanently disabled.

The child tax credit in Idaho is not refundable, meaning the amount of the credit is a maximum of $205 per child but may not exceed the filer’s income tax liability. A tax liability is the amount an individual must pay in taxes to the government.

The bill authorizing the child tax credit in the state was signed into law in 2018 and has the credit set to expire on Jan. 1, 2026.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

Idaho’s child tax credit is similar to a federal child tax credit, which in 2021 was increased to $3,600 per child younger than 6 or up to $3,000 per child ages 6 through 17 for eligible families. The federal child tax credit expired in 2022, and since then, several states, including Maine, Maryland, and California, have expanded their child tax credit offerings.

Further information on tax credits provided to taxpayers in Idaho can be found on the state’s website.