State & Local Tax Impacts of COVID-19 for Idaho – 2020

Thoughtware Alert Published: Dec 11, 2020 | Updated: May 05, 2021

Information current as of December 31, 2020.

COVID-19 has changed life across the globe. Many taxing jurisdictions are taking mitigating actions to create social distance and aid taxpayers. The following is a running list of actions by jurisdiction, which generally result in additional time to file and/or pay. Further, many jurisdictions have closed their offices to in-person use by taxpayers and suspended their audit and administrative functions. This alert doesn’t cover similar waivers from local-level taxing authorities. These developments continue to quickly evolve; check with your BKD Trusted Advisor or visit our COVID-19 Resource Center for current information as needed.

Information Specific to Idaho

  • Idaho is extending the deadline to file or pay income tax and ask for property tax relief for 60 days, until June 15. The extension applies to all taxpayers regardless of the amount owed and will abate all interest and penalties.
    • Gov. Brad Little proclamation, March 23, 2020.
  • Idaho has extended first-quarter International Fuel Tax Agreement (IFTA) return and payment deadline to June 1, 2020, from April 30, 2020. Interstate truckers with an IFTA license can now file their returns and report and pay by the extended due date without paying interest or penalty to any jurisdiction.
    • Idaho State Tax Commission Notice, April 9, 2020.
  • Idaho published information regarding COVID-19 payments, including taxable income, which includes unemployment insurance benefits provided to people who lost their job, Idaho return-to-work bonuses awarded to employees who were laid off due to the pandemic, and Rebound Idaho cash grants awarded to small businesses and people who are self-employed.
    • Idaho State Tax Commission Release, August 20, 2020. 
  • Idaho provided notice to taxpayers who received money from the state due to the COVID-19 pandemic that this may be treated as taxable income for 2020 tax year. The taxable benefits include (but are not limited to) Idaho unemployment insurance benefits; PUA for self-employed workers, independent contractors, and gig workers; Rebound Idaho grants for small businesses and the self-employed; and Idaho’s Return-to-Work bonuses for employees idled as a result of the pandemic who returned to work from April 20, 2020, through July 15, 2020.
    • Idaho State Tax Commission Release, December 15, 2020.

For more information, reach out to your BKD Trusted Advisor or use the Contact Us form below.

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