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HB93 Update

House Bill 93 was passed into law on February 27, 2025. This new law established a refundable tax credit (Parental Choice Credit) for families to help defer the costs of private school education for students in grades K-12. This tax credit is up to $5,000 per eligible student and $7,500 for an eligible student with a qualifying disability.

Guidance on the implementation of this new law is available at: https://tax.idaho.gov/taxes/income-tax/individual-income/popular-credits-and-deductions/house-bill-93-idaho-parental-choice-tax-credit/

Many questions regarding the implementation of this law are answered at this site and it is continually updated. Any additional questions you have that are not covered by their FAQ’s can be submitted to the Idaho State Tax Commission: parentalchoice@tax.idaho.gov.

Key Dates to Remember

  • November 1, 2025 – If you have not filed a 2024 Idaho Form 40 individual income tax return with the state of Idaho, you must do so by this date. This would normally apply to taxpayers that did not have a filing requirement for 2024. You must have filed this tax return to be eligible for the Parental Choice Credit.
  • December 1, 2025 – Set up a TAP account with the Idaho State Tax Commission. Instructions are included in the link above.
  • January 15, 2026 to March 15, 2026 – Application window for this credit is open. It is strongly suggested that every eligible Cole Valley Christian family submit their application on January 15, 2026. Timing of an application is considered in fund awards.
  • April 15, 2026 – Award notifications are announced by the Idaho State Tax Commission. You can discuss with your tax professional if your specific situation suggests you extend your 2025 tax return or you choose to file an amended 2025 tax return after you receive the official award notification.

Additional Comments

  • Two applications will be available on January 15, 2026, through TAPS:
    • 2025 Reimbursement Application (all-income levels can apply, but priority will be given first, to families with 2024 income below 300% of the federal poverty level; and then second, timing of application received).
    • 2026 Advance Payment Application. Must have 2024 income below 300% of the federal poverty level to apply.
  • Tuition and academic fees paid to Cole Valley Christian Schools are qualified expenses for purposes of this tax credit.
  • Tuition and fees paid to Cole Valley Christian Schools while the student also is enrolled in a public school are not eligible expenses. Keep this in mind if your student competes in public school athletics or takes online classes through a public-school source.
  • Families with qualifying expenses for students that graduated in 2025 from Cole Valley Christian Schools would be eligible for the 2025 reimbursement component.
  • Eligible families must have been full-year Idaho residents in both 2024 and 2025.
  • Eligible expenses must be paid by the credit applicant. If you are in a situation where grandparents or other interested parties are making tuition payments to the school, you will need to consider options to have the applicant make the payments instead.