Form ID-529
                         Credit for Employer Contributions to Employee 
                         Idaho College Savings Account
Names as shown on return                                      Social Security number or EIN

Part I — Credit Available Subject to Limitation

1.  Current year credit available from page 2 ............................................................................................... 1 

2.  Pass-through share of credit from an S corporation, partnership, trust or estate..................................... 2 

3.  Carryover from prior years ...................................................................................................................... 3 

4.   Credit distributed to shareholders, partners, or beneficiaries .................................................................         4 

5.  Total credit available. Add lines 1, 2 and 3, then subtract line 4 ............................................................. 5 
Part II — Limitations

1.  Enter the Idaho income tax from your return .......................................................................................... 1 

2.  Credit for income tax paid to other states ............................................................................................... 2 

3.  Credit for contributions to Idaho educational entities .............................................................................. 3 

4.  Investment tax credit from Form 49, Part II, line 9 .................................................................................. 4 

5.  Credit for contributions to Idaho youth and rehabilitation facilities .......................................................... 5 

6.  Credit for production equipment using post-consumer waste ................................................................. 6 

7.  Promoter-sponsored event credit ............................................................................................................ 7 

8.  Credit for Idaho research activities from Form 67, line 29 ....................................................................... 8 

9.  Broadband equipment investment credit from Form 68, line 18 ............................................................. 9 

10.  Small employer investment tax credit from Form 83, line 28 .................................................................. 10 

11.  Small employer real property improvement tax credit from Form 84, line 26 .......................................... 11 

12.  Small employer new jobs tax credit from Form 85, line 35 ...................................................................... 12 

13.  Credit for live organ donation expenses .................................................................................................. 13 

14.  Idaho child tax credit ................................................................................................................................ 14 

15.  Add Part II, lines 2 through 14 ................................................................................................................. 15 

16.  Tax available after other credits. Subtract Part II, line 15 from Part II, line 1 .......................................... 16 

17.  Total credit allowed on current year tax return. Enter the smaller amount from Part I, line 5
     or Part II, line 16 here and on Form 44, Part I, line 9 .............................................................................. 17 
Part III — Credit Carryover

1.  Total credit available subject to limitations. Enter the amount from Part I, line 5 .................................... 1 

2.  Credit allowed. Enter the amount from Part II, line 17 ............................................................................. 2 

3.  Credit carryover to future years. Subtract Part III, line 2 from Part III, line 1. Enter the
     amount here and on Form 44, Part I, line 9 ............................................................................................ 3 
EFO00327   09-21-2023                                                                                                                                           Page 1 of 2

                                                                                       Form ID-529     (continued)
   Employee/account owner last name  First name                                                                                                     Middle initial
A 
SSN or ITIN                          Filing period (MM/DD/YYYY) Amount of contribution                                                    Tax credit*

   Employee/account owner last name  First name                                                                                                     Middle initial
B
SSN or ITIN                          Filing period (MM/DD/YYYY) Amount of contribution                                                    Tax credit*

   Employee/account owner last name  First name                                                                                                     Middle initial
  C
SSN or ITIN                          Filing period (MM/DD/YYYY) Amount of contribution                                                    Tax credit*

   Employee/account owner last name  First name                                                                                                     Middle initial
D 
SSN or ITIN                          Filing period (MM/DD/YYYY) Amount of contribution                                                    Tax credit*

   Employee/account owner last name  First name                                                                                                     Middle initial
  E
SSN or ITIN                          Filing period (MM/DD/YYYY) Amount of contribution                                                    Tax credit*

   Employee/account owner last name  First name                                                                                                     Middle initial
F 
SSN or ITIN                          Filing period (MM/DD/YYYY) Amount of contribution                                                    Tax credit*

   Employee/account owner last name  First name                                                                                                     Middle initial
G 
SSN or ITIN                          Filing period (MM/DD/YYYY) Amount of contribution                                                    Tax credit*

   Employee/account owner last name  First name                                                                                                     Middle initial
H
SSN or ITIN                          Filing period (MM/DD/YYYY) Amount of contribution                                                    Tax credit*

   Employee/account owner last name  First name                                                                                                     Middle initial
I 
SSN or ITIN                          Filing period (MM/DD/YYYY) Amount of contribution                                                    Tax credit*

   Employee/account owner last name  First name                                                                                                     Middle initial
J 
SSN or ITIN                          Filing period (MM/DD/YYYY) Amount of contribution                                                    Tax credit*

   Employee/account owner last name  First name                                                                                                     Middle initial
K
SSN or ITIN                          Filing period (MM/DD/YYYY) Amount of contribution                                                    Tax credit*

Total tax credits from sections A through K ..............................................................................................

                                    * (20% of the total contribution up to $500)

EFO00327    09-21-2023                                                                                                                               Page 2 of 2

                     Form ID-529 — Instructions
                     Credit for Employer Contributions to Employee
                     Idaho College Savings Account
General Instructions                                         5.  Credit for production equipment using 
An employer who contributes directly to an                   post-consumer waste
employee’s 529 qualified state tuition program               6.  Promoter-sponsored event credit
account can claim a credit against the employer’s 
                                                             7.  Credit for Idaho research activities
income taxes.
                                                             8.  Broadband equipment investment credit
The employer can claim a credit of 20% of the total 
                                                             9.  Small employer investment tax credit
contribution per employee up to a maximum of 
$500.                                                   10. Small employer real property improvement tax 
                                                             credit
The credit is nonrefundable but may be carried 
forward on the employer’s return for up to five         11. Small employer new jobs tax credit
years.                                                  12. Credit for live organ donation expenses
                                                        13. Idaho child tax credit
Specific Instructions
                                                        Line 1. Enter the amount of your Idaho income 
Instructions are for lines not fully explained on the   tax. This is the computed tax before adding the 
form.                                                   permanent building fund tax or any other taxes or 
                                                        subtracting any credits.
Part I — Credit Available Subject to Limitation
Line 2. Enter the amount of the credit for employer     Line 2. Enter the credit for income tax paid to other 
contributions to an employee’s Idaho college            states from Form 39R or Form 39NR. This credit is 
savings account that’s being passed through by S        available only to individuals, trusts, and estates.
corporations, partnerships, trust, or estates in which 
                                                        Line 17. If you’re an S corporation or partnership and 
you have an interest. This amount is reported on 
                                                        you’ve elected to be an ABE, this amount also needs 
Form ID K-1, Part VII, line 45 or Form ID K-1, Part 
                                                        to be distributed to the shareholders or partners on 
XI, line 69.
                                                        their Form ID K-1.
Line 3. Enter the carryover from prior years. See 
General Instructions for the carryover period           Part III — Credit Carryover
allowed.                                                Line 3. The amount of credit available that exceeds 
                                                        the total credit allowed on the current year tax return 
Line 4. If you’re an S corporation, partnership, trust, may be carried forward up to five tax years. Enter this 
or estate, enter the amount of credit that passed       amount on Form 44, Part I, line 9 in the Carryover 
through to partners, shareholders, or beneficiaries.    column.
Report this amount on Form ID K-1, Part VII, line 45.

Part II — Limitations
The credit is limited to the Idaho income tax after 
allowing all other tax credits that may be claimed 
before it.
The following credits must be applied to the tax 
before the ID-529 credit:
1.  Credit for income tax paid to other states
2.  Credit for contributions to Idaho educational 
entities
3.  Investment tax credit
4.  Credit for contributions to Idaho youth and 
rehabilitation facilities

                                                 Contact us:
                         In the Boise area: (208) 334-7660  |Toll free: (800) 972-7660
                                Hearing impaired (TDD) (800) 377-3529
                                            tax.idaho.gov/contact
EIN00103  09-21-2023