Idaho individual income tax
Idaho's individual income tax is a tax on the income earned by residents and nonresidents of the state. The tax is based on the individual's federal-adjusted gross income, with rates ranging from 1% to 6%.
April 18
Return due in 2023
6%
Top marginal tax rate
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Pay income tax online
Visit the official state government’s website to pay individual income tax online.
Visit Idaho Tax portalWhat is Idaho income tax?
Individual income tax
Individual income tax is a type of direct tax levied by Idaho on individuals that meet the taxable criteria.
Taxable incomes
Idaho taxes incomes from wages, dividends, interests and capital gains.
Tax brackets
Idaho has 4 individual income tax brackets from 1% to 6%.
Standard deduction
Standard deduction is $12,950 for singles and $25,900 for couples for the tax year 2022.
Estimated tax
Idaho doesn't mandate estimated tax payments. Taxes can be paid anytime before the deadline.
2022 tax rates
The following is the list of income tax rates for the tax year of 2022
Idaho taxable income | Tax rate |
---|---|
$0 - $1,662 | 1% |
$1,662 - $4,987 | 3% |
$4,987 - $8,311 | 4.5% |
$8,311+ | 6% |
Individual income tax
The State of Idaho requires you to pay taxes if you are a resident (regardless of the whether they were earned within the state or not) or a non-resident that earns income from Idaho
Types of taxable incomes
The income types on which tax is levied are:
In Idaho, all types of income are generally subject to personal income tax unless they are specifically exempt by state law. This includes, but is not limited to, wages and salary, dividends, capital gains, royalties, and other types of income.
File return
To file a tax return in Idaho, taxpayers must complete and submit a tax return form. The tax return form requires taxpayers to report their taxable income and any credits or deductions they are eligible to claim. Taxpayers must also calculate their tax liability and pay any taxes owed by the due date.
Due
annually
Pay taxes
Taxes in Idaho are due by 18 April, 2023. Go to the official Idaho State Tax Commission website.
Idaho individuals doesn't require estimated taxes to be paid quarterly, tax payers can pay their future tax liability any time before the due date.
Type of tax
graduated tax
Due
annually
Deductions
Tax deductions are a reduction in the amount of income that is subject to taxation. It allows taxpayers to lower the amount of taxable income they have, which in turn reduces the amount of tax they owe. Tax deductions are available for a wide range of expenses, such as charitable donations, mortgage interest, medical expenses, and business expenses.
Standard deduction is $12,950 for single filers and $25,900 for join filers for the tax year 2022.
Credits
A tax credit allows taxpayers to reduce the amount of taxes they are required to pay. This is different from a tax deduction, which reduces the amount of income that is subject to taxation. Tax credits are applied directly to the tax liability, while deductions are applied to the taxable income.
Exclusions
Tax exclusions are an amount of money or income that is not subject to taxation. This means that taxpayers do not have to pay taxes on this income.
Residency
Residency in Idaho refers to an individual's permanent home or place of residence in the state.
Idaho resident
An Idaho resident is someone who is domiciled in Idaho, or who maintains a permanent place of residence in the state. This means that you are considered an Idaho resident if you live in the state for most of the year.
If you are not domiciled in Idaho nor have a permanent residence in the state, but have spent more than 270 days of the year in Idaho, then you are considered a resident for tax purposes.
Idaho part-year resident
An Idaho Part-Year Resident is someone who moved into or out of the state during the tax year.
Income earned while the individual was a resident of Idaho is subject to state taxes.
Income from Idaho sources will also be taxed.
Idaho non-resident
An Idaho Nonresident is someone who does not have a permanent residence in the state.
Nonresidents who receive income from Idaho sources are required to pay Idaho taxes. This includes but not limited to, income from Idaho properties and personal services performed in the state.
Frequently asked questions
Business entities in Idaho
There are several business entities in Idaho
Idaho LLC
Why we like StartGlobal?
My genuine thoughts
Willy Justin
Founder, Statepedia
StartGlobal: Legal + Taxes + Bookkeeping for solopreneurs
Product
For small businesses, managing taxes, accounting and everything legal is just a pain. Nobody wants to do it, but they have to. Instead of working with CPAs, attorneys and others separately, Start brings all of them under a single subscription. It’s just smooth.
Team
I know the team behind StartGlobal very well. It’s a very hardworking group of individuals who are genuinely passionate about small businesses. They are backed by successful founders like Balaji Srinivasan, Biz Stone(Twitter) and others.
Price
Getting a CPA or attorney is a matter of thousands of dollars. It’s just unfair to pay so much when you’re a small business. Start has a single subscription that covers it all. It is a definite money saver.
$599 one-time