{"id":188700,"date":"2024-01-17T11:50:51","date_gmt":"2024-01-17T11:50:51","guid":{"rendered":"https:\/\/trybeem.com\/blog\/?p=188700"},"modified":"2024-08-01T08:52:48","modified_gmt":"2024-08-01T08:52:48","slug":"idaho-state-income-tax","status":"publish","type":"post","link":"https:\/\/trybeem.com\/blog\/idaho-state-income-tax\/","title":{"rendered":"Idaho State Income Tax: Rates and Who Pays in 2023-2024"},"content":{"rendered":"\n

State tax is the taxation of income and transactions within a specific state, contributing to its financial resources. So, are you a resident of a tax haven state, or is your state tax putting a toll on your income? Nestled amidst the striking beauty of the Rocky Mountains and the vast expanse of the Pacific Northwest, the Idaho state income tax system holds significant sway over the economic dynamics of this state. With a shift to a flat income tax rate of 5.8% in 2023<\/a>, Idaho presents a unique landscape for residents, non-residents, and part-year residents. <\/p>\n\n\n\n

This blog will discuss Idaho\u2019s 2022-2023 income tax rates and their implications, including details on the taxation of retirement benefits. It will also provide insights into the state\u2019s broader tax framework and considerations. Also, check out Beem Tax Calculator to get a quick and accurate estimate of your federal and state tax refund for free.<\/p>\n\n\n\n

Does Idaho Have a State Income Tax<\/h2>\n\n\n\n

Idaho imposes a state income tax featuring a flat rate of 5.8% for individual incomes. The state also levies a 5.8% corporate income tax rate. While Social Security benefits are exempt from taxation, other retirement incomes are subject to scrutiny. Despite its low sales tax rates, Idaho remains one of the few states that taxes groceries, presenting a unique contrast. <\/p>\n\n\n\n

With a 6% state sales tax rate, a 3% maximum local sales tax rate, and an average combined state and local sales tax rate of 6.02%, Idaho maintains a balanced tax framework, offering advantages and specific considerations for residents and businesses.<\/p>\n\n\n\n

Idaho State Income Tax \u2013 How much will the income after tax in Idaho with Filing Status<\/h2>\n\n\n\n
Annual Income<\/th>Filing Status \u2013
Single<\/th>		Filing Status \u2013
Married Filing Jointly<\/th>		Filing Status \u2013
Head of Household<\/th><\/tr><\/thead>
$12000<\/td>$12,000<\/td>$12,000<\/td>$12,000<\/td><\/tr>
$15000<\/td>$14,765<\/td>$15,000<\/td>$15,000<\/td><\/tr>
$20000<\/td>$19,081<\/td>$20,000<\/td>$19,940<\/td><\/tr>
$22000<\/td>$20,774<\/td>$22,000<\/td>$21,740<\/td><\/tr>
$30000<\/td>$27,359<\/td>$29,531<\/td>$28,881<\/td><\/tr>
$35000<\/td>$31,459<\/td>$33,881<\/td>$33,212<\/td><\/tr>
$36000<\/td>$32,279<\/td>$34,742<\/td>$34,053<\/td><\/tr>
$42000<\/td>$37,199<\/td>$39,869<\/td>$39,060<\/td><\/tr>
$45000<\/td>$39,659<\/td>$42,389<\/td>$41,520<\/td><\/tr>
$48000<\/td>$42,119<\/td>$44,878<\/td>$43,980<\/td><\/tr>
$52000<\/td>$45,399<\/td>$48,158<\/td>$47,260<\/td><\/tr>
$54000<\/td>$48,552<\/td>$51,438<\/td>$50,540<\/td><\/tr>
$60000<\/td>$51,432<\/td>$54,718<\/td>$53,820<\/td><\/tr>
$62000<\/td>$52,872<\/td>$55,245<\/td>$55,460<\/td><\/tr>
$65000<\/td>$55,032<\/td>$58,818<\/td>$57,920<\/td><\/tr>
$70000<\/td>$58,632<\/td>$62,918<\/td>$62,020<\/td><\/tr>
$75000<\/td>$62,232<\/td>$67,018<\/td>$66,120<\/td><\/tr>
$80000<\/td>$65,832<\/td>$71,118<\/td>$69,750<\/td><\/tr>
$85000<\/td>$69,432<\/td>$75,218<\/td>$73,350<\/td><\/tr>
$90000<\/td>$73,032<\/td>$79,318<\/td>$76,950<\/td><\/tr>
$92000<\/td>$74,472<\/td>$80,958<\/td>$78,390<\/td><\/tr>
$95000<\/td>$76,632<\/td>$83,418<\/td>$80,550<\/td><\/tr>
$114000<\/td>$90,072<\/td>$98,543<\/td>$94,119<\/td><\/tr>
$115000<\/td>$90,772<\/td>$99,263<\/td>$94,819<\/td><\/tr>
$140000<\/td>$108,272<\/td>$117,263<\/td>$112,319<\/td><\/tr>
$150000<\/td>$115,272<\/td>$124,463<\/td>$119,319<\/td><\/tr>
$160000<\/td>$122,272<\/td>$131,663<\/td>$126,319<\/td><\/tr>
$165000<\/td>$125,772<\/td>$135,263<\/td>$125,772<\/td><\/tr>
$190000<\/td>$142,712<\/td>$153,263<\/td>$147,274<\/td><\/tr>
$185000<\/td>$139,612<\/td>$149,663<\/td>$143,819<\/td><\/tr>
$260000<\/td>$185,179<\/td>$202,544<\/td>$189,935<\/td><\/tr>
$300000<\/td>$208,779<\/td>$230,544<\/td>$213,535<\/td><\/tr>
$350000<\/td>$238,279<\/td>$265,544<\/td>$243,035<\/td><\/tr>
$120000<\/td>$94,272<\/td>$102,863<\/td>$98,319<\/td><\/tr>
$135000<\/td>$104,772<\/td>$113,663<\/td>$108,819<\/td><\/tr>
$170000<\/td>$129,272<\/td>$138,863<\/td>$133,319<\/td><\/tr>
$180000<\/td>$136,272<\/td>$146,063<\/td>$140,319<\/td><\/tr>
$250000<\/td>$179,279<\/td>$195,544<\/td>$184,035<\/td><\/tr>
$28000<\/td>$25,719<\/td>$27,769<\/td>$27,119<\/td><\/tr>
$32000<\/td>$28,999<\/td>$31,271<\/td>$30,621<\/td><\/tr>
$40000<\/td>$35,559<\/td>$38,162<\/td>$37,393<\/td><\/tr>
$44000<\/td>$38,839<\/td>$41,549<\/td>$40,700<\/td><\/tr>
$53000<\/td>$46,219<\/td>$48,978<\/td>$48,080<\/td><\/tr>
$56000<\/td>$48,552<\/td>$51,438<\/td>$50,540<\/td><\/tr>
$58000<\/td>$49,992<\/td>$53,078<\/td>$52,180<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Idaho State Income Tax Rates And Tax Brackets<\/h2>\n\n\n\n

For the 2023 tax year, Idaho enforced a flat income tax rate of 5.8% on income exceeding $2,500 ($5,000 for joint filers), with annual adjustments for inflation. This rate applies to earnings surpassing $4,489 for individual filers, while for joint filers, it applies to incomes exceeding $8,978. This adjustment stems from House Bill 172, effective January 1, 2023. <\/p>\n\n\n\n

Notably, Idaho does not levy taxes on Social Security and Railroad Retirement benefits. <\/p>\n\n\n\n

Individuals aged 65 or older (or 62 with a disability) might qualify for deductions on distributions from various retirement plans, including <\/p>\n\n\n\n