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Idaho New Exemption Rules for Military Benefits #5737

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4 changes: 4 additions & 0 deletions changelog_entry.yaml
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- bump: minor
changes:
added:
- Idaho New Exemption Rules for Military Benefits.
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description: Minimum age at which military retirees are exempt from the income requirement for the Idaho military retirement deduction.
values:
2025-01-01: 62
metadata:
unit: year
period: year
label: Idaho military retirement benefits age threshold
reference:
- title: Idaho House Bill 40 (2025)
href: https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2025/legislation/H0040.pdf#page=5
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description: Idaho's special eligibility rules for military retirement benefits are in effect if this is true.
values:
2021-01-01: false
2025-01-01: true
metadata:
unit: bool
period: year
label: Idaho military retirement special eligibility rules in effect
reference:
- title: Idaho House Bill 40 (2025)
href: https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2025/legislation/H0040.pdf#page=4
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I think we can combined this into one breakdown parameter

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description: Income threshold for non-disabled veterans under the age of 62 filing as head of household claiming the military pension exemption in 2025 and after.
values:
2024-01-01: 21_900
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this will be 2025 right?

# This is a tied to the minimum income to be required to file a federal tax return
metadata:
unit: currency-USD
period: year
label: Head of household income threshold for Idaho military pension exemption
uprating:
parameter: gov.irs.uprating
rounding:
type: downwards
interval: 50
reference:
- title: 26 U.S. Code § 6012(a)(1)
href: https://www.law.cornell.edu/uscode/text/26/6012
- title: Internal Revenue Service - Check if you need to file a tax return
href: https://www.irs.gov/individuals/check-if-you-need-to-file-a-tax-return
- title: Idaho House Bill 40 (2025)
href: https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2025/legislation/H0040.pdf#page=4

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description: Income threshold for non-disabled veterans under the age of 62 filing a joint return claiming the military pension exemption in 2025 and after.
values:
2024-01-01: 29_200
# This is a tied to the minimum income to be required to file a federal tax return
metadata:
unit: currency-USD
period: year
label: Joint income threshold for Idaho military pension exemption
uprating:
parameter: gov.irs.uprating
rounding:
type: downwards
interval: 50
reference:
- title: 26 U.S. Code § 6012(a)(1)
href: https://www.law.cornell.edu/uscode/text/26/6012
- title: Internal Revenue Service - Check if you need to file a tax return
href: https://www.irs.gov/individuals/check-if-you-need-to-file-a-tax-return
- title: Idaho House Bill 40 (2025)
href: https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2025/legislation/H0040.pdf#page=4

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description: Income threshold for non-disabled veterans under the age of 62 filing a separate return claiming the military pension exemption in 2025 and after.
values:
2024-01-01: 5
# This is a tied to the minimum income to be required to file a federal tax return
metadata:
unit: currency-USD
period: year
label: Separate income threshold for Idaho military pension exemption
uprating:
parameter: gov.irs.uprating
rounding:
type: downwards
interval: 50
reference:
- title: 26 U.S. Code § 6012(a)(1)
href: https://www.law.cornell.edu/uscode/text/26/6012
- title: Internal Revenue Service - Check if you need to file a tax return
href: https://www.irs.gov/individuals/check-if-you-need-to-file-a-tax-return
- title: Idaho House Bill 40 (2025)
href: https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2025/legislation/H0040.pdf#page=4

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description: Income threshold for non-disabled veterans under the age of 62 filing a single return claiming the military pension exemption in 2025 and after.
values:
2024-01-01: 14_600
# This is a tied to the minimum income to be required to file a federal tax return
metadata:
unit: currency-USD
period: year
label: Single threshold for Idaho military pension exemption
uprating:
parameter: gov.irs.uprating
rounding:
type: downwards
interval: 50
reference:
- title: 26 U.S. Code § 6012(a)(1)
href: https://www.law.cornell.edu/uscode/text/26/6012
- title: Internal Revenue Service - Check if you need to file a tax return
href: https://www.irs.gov/individuals/check-if-you-need-to-file-a-tax-return
- title: Idaho House Bill 40 (2025)
href: https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2025/legislation/H0040.pdf#page=4

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description: Income threshold for non-disabled veterans under the age of 62 filing as a surviving spouse claiming the military pension exemption in 2025 and after.
values:
2024-01-01: 29_200
# This is a tied to the minimum income to be required to file a federal tax return
metadata:
unit: currency-USD
period: year
label: Surviving spouse income threshold for Idaho military pension exemption
uprating:
parameter: gov.irs.uprating
rounding:
type: downwards
interval: 50
reference:
- title: 26 U.S. Code § 6012(a)(1)
href: https://www.law.cornell.edu/uscode/text/26/6012
- title: Internal Revenue Service - Check if you need to file a tax return
href: https://www.irs.gov/individuals/check-if-you-need-to-file-a-tax-return
- title: Idaho House Bill 40 (2025)
href: https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2025/legislation/H0040.pdf#page=4