Tag Archives: Idaho
Often overshadowed by their tax time counterpart – the federal income tax – state income tax rates generally receive less attention. However, they can definitely impact your overall bill, depending on where you live, where you work, and the total amount you earn. State Taxation of Residents States typically use one of three methods to […]
— Read moreIndividuals who have a gross income of more than $2,500 while living in the state of Idaho, or nonresidents who gross more than that amount from sources within the state, are required to file an Idaho income tax return. Nonresidents are required to file when they have earned over $2,500 in taxable income within the […]
— Read moreAt tax time, Idaho assess a tax rate varying from 1.6% to 7.4% over seven income levels. These tax brackets are reviewed annually to adjust for inflation. The following represent the seven different tax rates and their corresponding income thresholds for single taxpayers and those who may be married but file separately. 1.6 % on […]
— Read more
