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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. Bankrate logo The Bankrate promise
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Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Many Idaho residents are required to pay income taxes on their annual earnings. If you are an Idaho resident, it can be beneficial to understand the tax rates in your state. Knowing the tax laws and rates can help you avoid an unexpected tax bill when you file your income tax return in April. Idaho personal income tax rates Table
In Idaho, income tax rates range from 1 to 6.5 percent. Personal income tax rates in Idaho are based on your income and filing status. Idaho personal income tax rates Tax rate Single Married, filing jointly 1.0% $0-$1,588 $0-$3,176 3.1% $1,589-$4,763 $3,177-$9,526 4.5% $4,764-$6,351 $9,527-$12,702 5.5% $6,352-$7,939 $12,703-$15,878 6.5% $7,940 or more $15,879 or more Source: One important thing to know about Idaho income taxes is that Social Security income is not taxable. Railroad Retirement benefits are also completely tax-free. If you have civil service or military retirement benefits, you may qualify for a partial income tax exemption. Who has to file Idaho state taxes
According to the , every legal resident of Idaho must file income taxes. If you are a part-year resident who has earned income from an Iowa-based employer or has earned income as an Idaho resident, you must pay taxes in the state. There is also an income tax requirement for non-residents who earn income from Idaho businesses. In addition to resident requirements, there are also requirements around the amount of money you make in Idaho as a full-time or part-time resident. The income tax brackets for Idaho also depend on your age and filing status. You can visit the Idaho State Tax Commissioners’ website to access the . Idaho sales tax rate Table
Idaho businesses charge sales tax on most purchases. The sales tax rate in the state is 6 percent, which ranks Idaho as 17th on the list of 50 states with the highest sales tax. Idaho sales tax rate Sales tax rate National rank 6% 17 Source: Other things to know about Idaho state taxes
If you owe taxes in Idaho, the state makes it easy to file your tax return online. You can find a list of on the State Tax Commissioner’s website. Some of these services are free depending on your income. The has a number of helpful resources if you need help filing your income taxes or have questions about how much you owe. You can find common forms, pay your tax bill and track your refund online. The website also lists the department’s contact information if you prefer to make an in-person appointment. Learn more
SHARE: Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others Lance Davis is the Vice President of Content for Bankrate. Lance leads a team responsible for creating educational content that guides people through the pivotal steps in their financial journey. Related Articles