What are the income tax rates for Idaho?

Idaho employs a progressive income tax system, which means that tax rates increase with higher income levels. For the tax year 2023, the state of Idaho has established several tax brackets. The tax rates range from 1.0 percent for lower income levels to 6.0 percent for higher income levels. The brackets are structured in such a way that individuals will pay a lower percentage on the initial portion of their taxable income, with those rates gradually increasing as income exceeds certain thresholds. The specific income thresholds for each tax bracket may vary and are subject to change, so it is essential to refer to the most current resources for accurate figures. This information can generally be found on the Idaho State Tax Commission website, where comprehensive details about tax rates, brackets, and additional tax-related information are provided. It is always advisable to check the latest available resources to ensure you have the most up-to-date information regarding taxation in Idaho, as tax laws and rates can change from year to year.