Find Legal Topics > Tax Laws > Idaho State Tax

Idaho State Tax

Idaho State Tax There are a number of taxes applicable to the state of Idaho, which includes a state sales tax, income tax, and other taxes.

Idaho state sales tax

The state income tax is 6%, while some localities in Idaho may add on additional local taxes. 

Idaho personal income tax

Idaho uses a graduated tax system, where income for individuals are as follows:

Between $0 and $1,237,                1.6%.
Between $1,238 and $2,474,         3.6%.
Between $2,475 and $3,710,         4.1%.
Between $3,711 and $4,987,                     5.1%.
Between $4,988 and $6,184,         6.1%.
Between $6,185 and $9,276,         7.1%.
Between $9,277 and $24,736,      7.4%.
$24,737 and over,                            7.8%.

Idaho property taxes

- Fund local governments but approved by state

- Property tax rates vary depending on the location of the property

-The average urban rate is 1.275% of the value of the property.

-The average rural rate is .832% of the value of the property.

Idaho special excise taxes

Taxes assessed on vehicles, alcohol, tobacco, gasoline and are in addition to federal excise taxes.
- Funds health programs and other related activities
-$0.57tax on every pack of cigarettes
-$0.45 tax per gallon of wine
-$0.15 tax per gallon of beer

Idaho inheritance tax

Idaho does not have a state inheritance tax, however state residents are still subject to Federal estate taxes.    

Idaho payroll taxes

State Disability Insurance – None
State Unemployment Insurance – 0.96% to 6.80%

Exemptions

Certain exemptions for
-Limited Military personnel and veteran exemptions
-Persons age 65 and older
- Homeowner tax credits
- Qualified child and Dependant tax credits

Taxable income

Gross income is defined as all income from whatever source derived, including but not limited to:

- Wages
- Salaries
- Commissions
- Stock Gains
- Dividends
- Royalties income
- Rental income
- Business income
- Inheritance
- Pensions
- Annuities
- Partnership/shareholder income
- Gain from sale of property

Corporate income tax

Idaho has a corporate tax rate of 7.6%

Misc

Idaho also has state tax requirements for Travel and Hotel use, oil and gas produced in the state, a mine license tax, illegal drug stamp act, utilities, but does not have special taxation for cars and transportation.  
Idaho property taxes are collected by the local county tax assessors while the state collects all income and sales taxes.  All residents, individuals, married couples, and head of households are required to file.  Partnerships are not taxed separately. 
 

Related Topics