Salary Calculator Idaho

To use the Idaho income tax calculator, simply input your gross income and filing status to begin.

Idaho Income Tax Calculator 2023
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Overview

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Full Breakdown

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Compare Taxes

The TaxAssist+ calculator computes your federal and state income taxes for the 2023/24 tax year, using several key factors such as your household income, geographical location, and filing status.

HOW INCOME TAXES ARE CALCULATED

  • Initially, the calculator identifies your adjusted gross income (AGI) by reducing your total household income by specific, allowable adjustments.
  • We then subtract potential personal exemptions to arrive at your taxable income.
  • Your taxable income is subjected to relevant tax brackets based on your filing status to determine the total income tax you owe for the year.

Update Schedule: TaxAssist+ continuously monitors for amendments to tax rates and regulations, ensuring that our calculators remains current for the current tax year.

Customer Support: For any comments or inquiries, we encourage you to reach out directly to our support team via our contact page.

Step 1

Our US research professionals meticulously compile and scrutinize the latest tax laws and regulations to ensure foundational accuracy.
James Toth
Financial Services Research Expert

Step 2

A dedicated team of independent fact-checkers rigorously reviews and authenticates the compiled data for integrity and compliance.
Fact-checked
By independent fact-checkers

Step 3

Our tech team then integrates these verified updates into the TaxAssist+ calculators, ensuring they reflect the most current tax rates.
Liam Hollis
Product & IT Lead at TNGB Research

Overview of Idaho Salary Calculator

Tax Year: 2023 – 2024

Idaho has a flat income tax rate of 5.695% for 2024, with exemptions for lower income levels, recently reduced from 5.8%.

Effortlessly calculate your income taxes and relevant payroll taxes using our Idaho salary calculator.

Not From The US? Convert Your Salary To US Dollars

TaxAssist+ from The Next Gen Business is a tax calculation tool, tailored to use each country’s local currency for precision and simplicity.

To fully utilize this feature, please convert your native currency into USD, ensuring accurate and efficient tax computations.

📌 Income Tax in Idaho?

Idaho has a flat income tax rate of 5.695% for 2024, with the first $4,489 of income exempt for single filers and $8,978 for married couples filing jointly. The state retroactively lowered the rate from 5.8% in 2024.

📌 Sales Tax in Idaho?

The state sales tax rate is set at 6%, with local sales taxes potentially raising the total rate to as high as 9%, depending on the municipality. This allows for variability in tax rates across the state.

📌 Gas Taxes in Idaho?

The gas tax rate in Idaho is $0.32 per gallon, with an additional $0.01 per gallon, bringing the total to $0.33. This tax is used to fund transportation infrastructure and maintenance.

📌 What Are Property Taxes in Idaho?

In Idaho, property tax rates generally range from 0.5% to 1.5% of the assessed value, with local variations. The state offers exemptions for veterans and low-income homeowners, reducing overall tax liabilities.

📌 Are There Estate Taxes in Idaho?

There is no estate tax in Idaho, allowing residents to pass on their assets without state taxation. However, estates exceeding the federal exemption of $13.61 million may still be subject to federal estate taxes.

References

➤ View References

IRS Federal Tax Brackets

Tax Foundation State Tax Rates

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