Idaho State Income TaxesThe state of Idaho has a deadline of April 15th for filing your taxes.
This page:
• Lists basic Idaho state tax information
• Links to the major Idaho income tax forms
• Shows you how you can save time and money by e-filing
Idaho state taxes at a glance:Tax Rate Range: Low - 1.6%; High - 7.8%
Income Brackets*: Lowest - $1,159; Highest - $23,000
Number of Brackets: 8
Personal Exemptions: Single - $3,300; Married - $6,600; Dependents - $3,300
Standard Deduction: Same as federal amount
Medical/Dental Deduction: Federal amount
Federal Income Tax Deduction: None
*Note: These numbers are for single filers. The income ranges for joint returns are doubled.
Filing your Idaho state income tax returnFor Idaho residents, the filing status used on your state income tax returns must be the same as the filing status used on the federal income tax return.
If you itemize you deductions on your federal income tax form, you may either take the standard deduction on your Idaho income tax return or you can itemize.
There are many tax deductions and credits in Idaho. Some common Idaho credits are:
• $20 grocery credit
• credits for taxes paid to other states
• credit for donations to state educational entities
• credit for filing electronically you get: $2 credit
A complete list can be found in the instruction booklet.
All income received by an Idaho resident, including retirement benefits earned in another state, is considered Idaho taxable income. However, certain retirement benefits may qualify for a retirement benefits deduction.
Social Security income and Tier 1 and Tier 2 Railroad Retirement benefits are not taxed, but most other retirement income is taxable.
Idaho does not have a special capital gain tax rate. All income is taxed at the same rate.
However, Idaho does offer a capital gain deduction for qualifying property. For individuals, 60 percent of the profits on certain sales is excluded from Idaho's capital gains tax. Complete Form CG to compute the capital gains deduction.
If you are not a resident of Idaho but earn a gross income from Idaho of more than $2,500, you are still required to file an Idaho income tax return.
Sidebar
You can work on your Idaho tax return online while filing your federal return (you can work on it for free, and pay nothing until you are ready to file).
Note: if you are filing more than one state return, you must file a paper return for each additional state, as TurboTax for The Web only allows one state prep.
Idaho income tax formsThe main Idaho tax forms are:
Form 40 | 2006 Idaho Individual Income Tax Return| Instructions
Form 40EZ | 2006 Short State Income Tax Return |
Form 24 | Idaho Grocery Credit Refund
Form 39R | Idaho Supplemental Schedule
Form 49 | Idaho Investment Tax Credit
If you need Idaho income tax forms that are not listed here, you can download them from the Idaho tax forms site.
Or, just simply e-file!
Additional ID state taxes helpIf you need help with your federal tax return, start with our basic guide to tax filing.
For additional help with filing ID income tax returns, see the official site of the Idaho State Tax Commission.
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