Idaho Tax FAQs

• taxmOuth Idaho Tax FAQs

Idaho Tax Forms

• taxmOuth Idaho Tax Forms

Idaho Corporate Taxes

• taxmOuth Idaho Corporate Taxes
• Idaho Tax Rates & Brackets:
  
  7.6%> $0
  
• Loss Carry-back/fwd: 2 Years Back ($100,000 limit) / 20 Years Forward (Unlimited)
• Throwback Sales?: Y
• Foreign Tax Deductible?: Y
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: N

Idaho Tax Incentives and Credits

• taxmOuth Idaho Tax Credits
• Job Credits?: Y
• R&D Credits?: N
• Investment Credits?: Y

Idaho Individual Income Taxes

• taxmOuth Idaho Individual Income Taxes
• Idaho tax rates and brackets:
  
  1.6%> $0
  3.6%> $1,272
  4.1%> $2,544
  5.1%> $3,816
  6.1%> $5,088
  7.1%> $6,360
  7.4%> $9.540
  7.8%> $25,441
  
• Local Option IT Rate: None
• Federal Inc used as Base?: Y
• Standard Deductions: Single $5,450 / Joint $10,900
• Personal Exemptions/Credits (c): Single $1,040 / Joint $2,080 / Dependent $1,040
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

Idaho Estate, Gift and Inheritance Taxes

• taxmOuth Idaho Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Copies Federal
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Idaho Miscellaneous Taxes

• taxmOuth Idaho Miscellaneous Taxes
• Gas Tax: 25.0 cents/gallon
• Diesel Tax: 25.0 cents/gallon
• Cigarette Tax: 57.0 cents/20 pack

Idaho Pass-through Tax Treatment

• taxmOuth Idaho Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

Idaho Payroll Taxes

• taxmOuth Idaho Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #48

Idaho Property Taxes

• taxmOuth Idaho Property Taxes
• Median Tax Paid on Homes (Rank): $1,213 (#36)
• Median Value of Homes: $183,700
• Tax as % of Home Value (Rank): 0.66% (#35)
• Median Income of Homeowner: $55,898
• Tax as % of Income (Rank): 2.17% (#30)

Idaho Sales and Use Taxes

• taxmOuth Idaho Sales and Use Taxes
• State Rate: 6.00%
• County & City (Weighted Ave): None
• Combined State and Ave. Local Rates (Rank): 6.00% (#32)
• General Treatment of Services: Exempt
• Gasoline: Exempt
• Groceries: Taxable