Idaho

Tax Rate Range: Low - 1.6%; High - 7.8%
Income Brackets: * Lowest - $1,159; Highest - $23,179
Number of Brackets: 8
Personal Exemptions: ** Single - $3,200; Married - $6,400; Dependents - $3,200
Standard Deduction: Single - $6,250; Married filing jointly - $11,000 (age 65 and older)
Medical/Dental Deduction: Federal amount
Federal Income Tax Deduction: None
Retirement Income Tax: Social Security income and Tier 1 and Tier 2 Railroad Retirement benefits are exempt from taxes. Taxpayers may receive a partial tax exemption for civil service and military retirement income received after age 65 (62 if disabled). Out-of-state government pensions are fully taxed. Click for details.

State Tax Software

Retired Military Pay: Follows federal tax rules.
Military Disability Retired Pay: Disability Portion - Length of Service Pay; Member on September 24, 1975 - No tax; Not Member on September 24, 1975 - Taxed, unless combat incurred. Retired Pay - Based solely on disability: Member on September 24, 1975 - No tax; Not Member on September 24, 1975 - Taxed, unless all pay based on disability and disability resulted from armed conflict, extra-hazardous service, simulated war, or an instrumentality of war.
VA Disability Dependency and Indemnity Compensation: Not subject to federal or state taxes
Military SBP/SSBP/RCSBP/RSFPP: Generally subject to state taxes for those states with income tax. Check with state department of revenue office.

Sales Taxes

State Sales Tax: 6% (prescription drugs exempt); Some jurisdictions impose a local option sales tax which could add an additional 3%.
Gasoline Tax: 25 cents/gallon
Diesel Fuel Tax: 25 cents/gallon
Cigarette Tax: 57 cents/pack of 20

Taxable property is assessed at its full market value. A general property tax is imposed for local purposes and is limited to 1% of market value. The state property tax is suspended as long as the sales and use tax are in effect. There is no intangible personal property tax. A homeowner's primary residence is eligible for an exemption of 50% of the assessed value of the home, up to a maximum of $89,325 (2007). If you are a qualified Idaho homeowner, you may be eligible for the circuit breaker program. To qualify you must own and occupy the home as your primary residence, you must meet income requirements and must be either age 65 or older, a widow(er), blind, former POW, fatherless or motherless minor, or a qualifying disabled person. This program may reduce property taxes on your home and up to one acre of land by as much as $1,320. For more information on property and other taxes, click here or call 208-334-7733 or 800-972-7660.

At the current time Idaho does not have an inheritance tax, gift tax or an estate tax.
For further information, visit the Idaho State Tax Commission site. Information for newcomers. Tax helpline - 800-972-7660.
* For joint returns, the taxes are twice the tax imposed on half the income. A $10 filing tax is charged for each return and a $20 credit is allowed for each exemption. ** Idaho allows personal exemption or standard exemption as provided in the Internal Revenue Code.

Last Updated ( Monday, 21 January 2008 )

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