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Taxes

Idaho State Tax Commission Weighs Cost of One Big Beautiful Bill Act

Idaho is considering House Bill 519 to retroactively align state tax laws with federal changes, including new exclusions for tips and overtime. Taxpayers must monitor these updates for the 2026 tax year, as the April 2027 deadline may involve revised forms. Immigrants and those with foreign accounts should exercise extra care regarding residency and reporting requirements under Publication 519.

Last updated: February 12, 2026 3:11 pm
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Key Takeaways
→Idaho lawmakers are debating retroactive tax conformity through House Bill 519 for the 2026 tax year.
→Key proposals include excluding tips and overtime and expanding deductions for seniors and state taxes.
→The 2026 filing deadline remains April 15, 2027, but rules may change during the season.

📅 Deadline Alert: For tax year 2026 (returns filed in 2027), most Idaho taxpayers should plan around the April 15, 2027 filing and payment deadline—because Idaho lawmakers are debating whether to retroactively conform to major federal-style changes that could affect your Idaho taxable income and withholding.

If Idaho adopts retroactive conformity through House Bill 519, some taxpayers may face changing state instructions close to filing season. That can matter even more for immigrants and visa holders, who often file dual-status returns, claim treaty positions, or report foreign accounts.

Deadline summary (tax year 2026, filed in 2027)

Idaho State Tax Commission Weighs Cost of One Big Beautiful Bill Act
Idaho State Tax Commission Weighs Cost of One Big Beautiful Bill Act
Tax item Who it affects Deadline Extension option
Federal Form 1040 / 1040-NR (tax year 2026) Most filers April 15, 2027 File Form 4868 to extend filing to October 15, 2027 (payment still due April 15)
Idaho individual return (tax year 2026) Idaho filers Typically aligns with federal date, often April 15, 2027 Idaho extension rules generally follow federal when a federal extension is filed
FBAR (FinCEN 114) for foreign accounts U.S. persons for FBAR purposes April 15, 2027 Automatic extension to October 15, 2027
Form 8938 (FATCA), attached to return Certain specified individuals With your federal return Same as your return extension

IRS references: Publication 519 (residency rules), international taxpayers, and forms and publications.

⚠️ Warning: An extension extends time to file, not time to pay. Interest generally runs from the original due date.

1) What the One Big Beautiful Bill Act debate means for Idaho taxpayers

→ Analyst Note
If you expect to benefit from any new deductions or exclusions tied to wages (tips or overtime), start saving pay stubs, year-end summaries, and employer statements now. Clear documentation reduces the chance of mismatches between W-2 reporting and what you claim on your return.
Idaho conformity implementation: key administrative facts
Estimated implementation cost: $555,000 (administrative expenses)
Retroactive conformity start: January 2025
Tax season impacted: starting January 2026
Primary implementation work: tax system updates + practitioner training

The federal One Big Beautiful Bill Act (OBBBA) is being discussed in Idaho as a model for changing what income is taxed. Idaho’s key decision is “conformity.”

Conformity means a state uses federal tax definitions as a starting point. That can include federal income, deductions, and exclusions. States conform to reduce complexity and keep forms aligned. States also decouple from parts of federal law to protect revenue or avoid policy choices.

House Bill 519 aims to make Idaho conform retroactively. The proposal would reach back to an earlier start date. Retroactivity is unusual because it can change rules after taxpayers already planned withholding, estimates, or even filed.

The big-ticket items being discussed resemble OBBBA-style provisions. They include concepts like excluding tips, excluding overtime pay, expanding a senior deduction, and increasing the SALT (state and local tax) itemized deduction limit. Exact caps and phaseouts are central to the debate. Many taxpayers will only see a benefit if Idaho conforms and if they meet eligibility rules.

→ Important Notice
Don’t assume “no tax on tips” or “no tax on overtime” means that income disappears from paperwork. Employers may still report wages on W-2s, and underreported amounts can trigger notices. Report income correctly first, then apply any allowed deductions or exclusions.

Who should care:

  • Idaho wage earners, including tipped and overtime workers
  • Seniors age 65+
  • Itemizers who pay property tax or state income tax
  • Employers and payroll teams updating withholding
  • Tax preparers, especially for immigrant and multi-state households
Estimated Idaho revenue impact: state vs outside estimates (as cited)
Idaho state estimate (FY 2026) $155M loss
Idaho state estimate (FY 2027) $175M loss
Tax Foundation estimate (2026 total)
$167.4M personal + $117M corporate
$284.4M
Potential impact with full decoupling $435.4M
→ Recommended Action
If major state tax changes are still moving through the legislature, consider waiting to file (or filing an extension) if you’re on the edge of eligibility for new deductions. Filing too early can increase the likelihood of amended returns and delayed refunds.

2) Implementation cost and why retroactive changes can scramble filing season

The Idaho State Tax Commission estimated $555,000 in administrative costs to implement the “Big, Beautiful” style changes. That estimate reflects the real work behind retroactive conformity.

Retroactive tax changes usually require:

  • Updating tax processing systems and e-filing schemas
  • Revising forms, instructions, and worksheets
  • Reprogramming withholding tables and payroll guidance
  • Training staff and educating preparers
  • Handling higher call volume and error resolution

For taxpayers, the practical risk is timing. If guidance arrives late, you may file using incomplete instructions. That can increase amended returns or notices later.

If you are an immigrant taxpayer, this risk rises when you file:

  • A dual-status return, or
  • A return using a treaty position under Publication 519, or
  • A return with foreign reporting forms attached

3) Fiscal impact: why revenue estimates differ (and why that matters)

Conformity changes Idaho revenue because it changes the tax base. Bigger deductions or exclusions reduce taxable income. Corporate changes can shift collections too.

Idaho’s fiscal estimates discussed in the debate point to large revenue reductions across budget years. The amounts vary by source. That is common, because estimates differ on:

  • Assumptions about taxpayer behavior
  • The baseline law used for comparison
  • Timing of withholding changes and refunds
  • How quickly provisions take effect

It also helps to separate “revenue loss” from a personal refund. A state revenue estimate is a budget concept. It does not mean each household receives that amount.

4) Key provisions and who they could affect (plain language)

No tax on tips (concept). This targets workers in tipped jobs. Even if tips become deductible, reporting still matters. Tips are still wages for payroll and documentation. Substantiation will matter if the IRS or state questions the amount.

No tax on overtime (concept). Overtime pay is typically defined through payroll rules, often tied to hours and pay codes. Your year-end Form W-2 may not cleanly label “overtime” in a way a state tax form needs. Keep paystubs and employer statements.

Enhanced senior deduction (concept). This is usually age-based, often 65+. Eligibility can interact with how retirement income is reported. It can also affect whether a taxpayer benefits more from itemizing or taking a standard deduction.

Higher SALT deduction (concept). SALT generally includes state income taxes and property taxes. A higher SALT cap only helps if you itemize. For immigrants, itemizing can interact with dual-status rules and treaty positions.

Idaho may adopt some provisions and decouple from others. Partial conformity is where edge cases appear.

5) Legislative status and timing to watch

As of February 12, 2026, Idaho’s conformity debate is active. The Idaho Senate approved a conformity measure on February 6, 2026, with disputes reported around whether Idaho should partially conform on research deduction treatment.

Timing matters. If lawmakers push immediate or retroactive effective dates, the Tax Commission may need to update forms and guidance quickly. Watch for official instructions and withholding updates from the Idaho State Tax Commission.

6) How to verify what is official and prepare now

To reduce rework before filing your 2026 return in 2027:

  • Verify whether a number is in an official fiscal note, committee packet, or Tax Commission guidance.
  • Before filing, confirm Idaho forms and instructions reflect the final law.
  • If you file early and the law changes, be prepared for an amended Idaho return.
  • If you are F-1/J-1, confirm whether you are a resident for tax under the substantial presence rules in Publication 519. Residency drives worldwide reporting.

Foreign account reporting quick check (common for new residents):

Filing status (living in U.S.) FBAR threshold (aggregate) Form 8938 threshold (end of year) Form 8938 threshold (any time)
Single $10,000 $50,000 $75,000
Married filing jointly $10,000 $100,000 $150,000

📅 Deadline Alert: If you are in a federally declared disaster area, the IRS can postpone deadlines. Check the IRS newsroom for current relief announcements.

What to do next (tax year 2026 planning)

  • Track HB 519 and any Idaho conformity updates that affect withholding.
  • Keep paystubs and tip records if you expect tips or overtime exclusions.
  • If you itemize, save SALT and property tax records.
  • If you have foreign accounts, plan early for FBAR and FATCA filings.
  • For dual-status, treaty claims, or complex cross-border income, use a CPA experienced in immigrant taxation.

⚠️ Disclaimer: This article is for informational purposes only and does not constitute tax, legal, or financial advice. Tax situations vary based on individual circumstances. Consult a qualified tax professional or CPA for guidance specific to your situation.

Learn Today
Conformity
The process by which a state adopts federal tax definitions and laws into its own tax code.
Retroactive
A law or change that takes effect starting from a date in the past.
SALT
State and Local Tax; an itemized deduction for taxes paid to local and state governments.
FBAR
Report of Foreign Bank and Financial Accounts; required for aggregate foreign holdings over $10,000.
Dual-status
A tax filing status for individuals who are both nonresident and resident aliens in the same year.
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