Idaho Code § 44-2804: tax implications.

(1) A hiring party that contributes funds to a portable benefit account pursuant to section 44-2803(3)(a) or (b), Idaho Code, may deduct as a business expense an amount equal to one hundred percent (100%) of any such contributions during the applicable tax year.

(2) An independent contractor may exclude from taxable income an amount equal to one hundred percent (100%) of the amount contributed by a hiring party pursuant to section 44-2803(3)(a) or (b), Idaho Code, during the applicable tax year.