Selkirk Business Solutions

02/22/2026

Critical areas such as fire season management, mental health services, su***de prevention, and child welfare are expected to face substantial funding shortfalls due to budget cuts, necessitating urgent advocacy from Idaho residents for program restoration and concern expression. Meanwhile, the recent reversal of the state's stance on tax exemptions for tips, overtime, and a $50 grocery credit for seniors has resulted in tax return processing delays. Notably, Idaho does not and has not ever taxed social security benefits, limiting the new benefit to most seniors to $50. However, guidance on e-filing availability and tax form changes remains pending.

Idaho elected leaders bought into the national tax scheme devised by the MAGA crowd in Washington, D.C., to the severe detriment of programs critical to Idaho. It’s as if the governor and Legislature are unaware that the economic health of the Gem State is highly reliant on proper management of it...

02/22/2026

The Idaho State Tax Commission has conformed to federal tax regulations as of February 11, marking a departure from their initial plans and previous guidance issued in December and January. Currently, they have not provided guidance for individuals who have already filed and are recommending that those who wish to take advantage of additional deductions to file for an extension. As a result, while they update their forms and notify tax software companies, we are currently unable to proceed with tax benefits such as no tax on overtime, no tax on tips, additional senior deduction, or car loan interest. We will contact you to determine the best course of action regarding an extension, waiting for ge update, or amending. As of today, no guidance or forms are available.

BOISE, Idaho — Feb. 17, 2026 — Now that Governor Little has signed the conformity bill, House Bill 559, the Idaho State Tax Commission is developing a plan for taxpayers to claim the new conformity deductions. The plan will also include details on how the more than 158,000 taxpayers who’ve alr...

02/17/2026

The report from the Tax Foundation found that American households had a tax increase of $1,000 in 2025 and an increase of $1,300 in 2026 as a result of President Donald Trump’s tariffs.

02/12/2026

Here’s the details of the tax changes for Idaho mid tax season.

The Idaho Senate Friday approved a bill to adopt nearly all the tax cuts from the federal One Big Beautiful Bill. Now it goes to Gov. Little.

02/12/2026

📣 Idaho Taxpayers! Big update as of Feb 11th! 📣
Well, that was unexpected! Governor Little just signed a bill (HB 559) that retroactively changes Idaho tax laws mid-tax season.
If you already filed your Idaho return, you might want to call your tax preparer. The state is now allowing the federal "One Big Beautiful Bill" changes to flow through to Idaho returns for the current 2025 tax year.
This includes the "No Tax on Tips/Overtime" provisions and new senior deductions.
In short: If you already filed, you may be missing out on benefits and need to file an amendment.
Keep an eye out for official announcements on when to refile! 📉💡

02/06/2025

02/06/2025

As tax season commences, scammers are escalating their efforts to deceive members of our community.

Remember: The Internal Revenue Service asserts that they will never send an email or text, threaten legal action, or request credit or debit information by phone.

Don't fall for tax scams. Learn how to spot a scam and what to do.