![]() ![]() Before the official 2023 Idaho income tax brackets are released, the brackets used on this page are an estimate based on the previous year's brackets. ![]() Idaho tax return forms are available on the Idaho tax forms page or the Idaho Department of Revenue.Please contact us if any of our Idaho tax data is incorrect or out of date. The Idaho tax brackets on this page were last updated from the Idaho State Tax Commission in 2020.States often adjust their tax brackets on a yearly basis, so make sure to check back later for Idaho's updated tax year 2021 tax brackets! ![]() The Idaho tax brackets on this page have been updated for tax year 2020, and are the latest brackets available. Is info on this page missing or out-of-date? Please let us know so we can fix it! Head over to the Federal income tax brackets page to learn about the Federal Income Tax, which applies in all states nationwide.ĭisclaimer: While we do our best to keep this list of Idaho income tax rates up to date and complete, we cannot be held liable for errors or omissions. The Federal income tax also has a standard deduction, personal exemptions, and dependant deductions, though they are different amounts than Idaho's and may have different rules. Likewise, you can take an additional dependent exemption for each qualifying dependent (like a child or family member), who you financially support. The Personal Exemption, which is not supported by the Idaho income tax, is an additional deduction you can take if you (and not someone else) are primarily responsible for your own living expenses. The standard deduction, which Idaho has, is a deduction that is available by default to all taxpayers who do not instead choose to file an itemized deduction.Įssentially, it translates to $12,000.00 per year of tax-free income for single Idaho taxpayers, and $24,000.00 for those filing jointly. ![]() The current values of these deductions for tax year 2020 are as follows: The three most common deductions encountered by taxpayers are the Idaho Standard Deduction, the Idaho Personal Exemption, and the Idaho Dependent Deduction. In addition to marginal tax brackets, one of the major features of the Idaho income tax is deductions. ![]()
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