Idaho Paycheck Calculator 2024 is a free and simple to use payroll calculator used to calculate your take-home salary. Idaho Paycheck Calculator 2023 supports hourly & salary income and multiple pay frequencies. It helps to calculate Federal, FICA, Medicare and withholding taxes for Idaho, an American state.
Your estimated income you are taking home
Where is your money going?
Gross Paycheck
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Taxes
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Federal Taxes
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State Income
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Local Income
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FICA and State Insurance Taxes
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Pre-Tax Deductions
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Post-Tax Deductions
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Take Home Salary
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Idaho is known as “A Gem State” as all kinds of gems are found there. It has beautiful and lush green landscapes. Manufacturing, agriculture, mining, forestry, and tourism are all part of its economy. The average income in Idaho is more than $52,225. Idaho has an income tax rate of 1.625% to 6.925%.
Idaho Payroll Tax Facts:
- Citizens of Idaho must have to pay Idaho State Payroll taxes along with Federal Payroll taxes. The State Income tax rates are in 7 tax levels ranging from 1.6% to 6.925%, depending on the income and filing status.
- There is no local income tax in Idaho.
- The average household income in Idaho is $50,985.
- The lowest wage rate in Idaho State is $7.25.
- The Cash Minimum salary rate for Tipped employees is $3.35, with the lowest tip credit of $3.90 in Idaho state.
- The supplemental pay tax rate, in Idaho State, is 6.925%.
- Employers in Idaho have to pay State Unemployment Insurance (SUI) tax at the rate of 0.393 to 5.4%
- There are no reciprocal agreements with other states.
- Railroad Retirement support and Social Security income are not considered taxes by the state.
- Residents of Idaho can claim the tax credits paid to sundry states and ask for donations to Idaho state rehabilitation support, educational stuff, and other youth facilities.
How to Calculate Take-Home Pay in Idaho?
- Know your filing status
- Calculation of adjusted gross pay:
Net salary – deductions = Adjusted gross pay
- Calculation of taxable income:
Adjusted gross income – Standard deductions = Taxable income
- Calculation of income tax debt:
Taxable income × Income tax rate = Income tax debt
- Subtracting tax debt, withholdings and any deductions
Net salary – (Income tax liability + Pre-tax decrements + Post-tax decrements + Withholdings) = Your paycheck
Idaho Hourly Paycheck Calculator
Idaho Paycheck Calculator 2024 is suitable for the ones who are getting paid hourly. Take-home salary is calculated based on six various hourly pay rates according to federal, and local W4 information and state laws. This Idaho hourly paycheck calculator 2024 is perfectly made for hourly workers.
Pre-Tax Deductions
Pre-tax deductions are not subtracted from all the employee’s pay, but only from the ones taking some extra benefits. These taxes are subtracted from the gross salary of the workers before the other taxes. Pre-taxes may include:
- Health Savings Accounts
- Short-Term Disability
- Medical Expenses Healthcare Insurance
- Dental Insurance
- Retirement funds
- Commuter Benefits
- Vision Benefits
Subtracting Federal Taxes
Federal taxes are according to the filing status of the worker. Federal tax rates range from 0% to 37% in seven tax brackets, depending upon the details provided by the employee in the W-4 form, which was submitted at the time of joining the job. Idaho Paycheck Calculator 2024 easily calculates the federal taxes according to the filing status of an individual. Here are the Federal Income Tax brackets for 2023
Single Filers
| Taxable Income | Rate |
| $0 – $9,700 | 10% |
| $9,700 – $39,475 | 12% |
| $39,475 – $84,200 | 22% |
| $84,200 – $160,725 | 24% |
| $160,725 – $204,100 | 32% |
| $204,100 – $510,300 | 35% |
| $510,300+ | 37% |
Married, Filing Jointly
| Taxable Income | Rate |
| $0 – $19,400 | 10% |
| $19,400 – $78,950 | 12% |
| $78,950 – $168,400 | 22% |
| $168,400 – $321,450 | 24% |
| $321,450 – $408,200 | 32% |
| $408,200 – $612,350 | 35% |
| $612,350+ | 37% |
Married, Filing Separately
| Taxable Income | Rate |
| $0 – $9,700 | 10% |
| $9,700 – $39,475 | 12% |
| $39,475 – $84,200 | 22% |
| $84,200 – $160,725 | 24% |
| $160,725 – $204,100 | 32% |
| $204,100 – $306,175 | 35% |
| $306,175+ | 37% |
Head of Household
| Taxable Income | Rate |
| $0 – $13,850 | 10% |
| $13,850 – $52,850 | 12% |
| $52,850 – $84,200 | 22% |
| $84,200 – $160,700 | 24% |
| $160,700 – $204,100 | 32% |
| $204,100 – $510,300 | 35% |
| $510,300+ | 37% |
FICA Tax Deductions
In Idaho state, citizens have to pay FICA taxes along with federal and other local taxes. FICA taxes are divided into two categories:
- Social Security withholds 6.2% from the first taxable salary.
- Medicare withholds at the rate of 1.45% from the taxable gross pay of an employer.
Payment of FUTA Taxes
Federal Unemployment Tax Act, is a tax that is payable by Idaho residents at the rate of 6.0% of the first taxable salary up to $7000 of the employee’s salary. But once the taxable pay limit is crossed the employer is no longer forced to pay this tax.
Idaho State Payroll Taxes:
Like federal taxes employees have to pay Idaho State Payroll taxes. Idaho state payroll taxes have seven tax levels ranging from 1.6% to 6.925% considering the filing status of an individual. Following the details mentioned on the W-4 form the filing status of the employee is evaluated.
Hence higher the filing status the higher the withholding tax. Such miserable calculations are made very simple by Idaho Paycheck Calculator 2023. Below is the details of Idaho income tax levels:
| Single Filers | |
| Idaho Taxable Income | Rate |
| $0 – $1,504 | 1.125% |
| $1,504 – $3,008 | 3.125% |
| $3,008 – $4,511 | 3.625% |
| $4,511 – $6,015 | 4.625% |
| $6,015 – $7,519 | 5.625% |
| $7,519 – $11,279 | 6.625% |
| $11,279+ | 6.925% |
| Married, Filing Jointly | |
| Idaho Taxable Income | Rate |
| $0 – $3,008 | 1.125% |
| $3,008 – $6,016 | 3.125% |
| $6,016 – $9,022 | 3.625% |
| $9,022 – $12,030 | 4.625% |
| $12,030 – $15,038 | 5.625% |
| $15,038 – $22,558 | 6.625% |
| $22,558+ | 6.925% |
| Married, Filing Separately | |
| Idaho Taxable Income | Rate |
| $0 – $1,504 | 1.125% |
| $1,504 – $3,008 | 3.125% |
| $3,008 – $4,511 | 3.625% |
| $4,511 – $6,015 | 4.625% |
| $6,015 – $7,519 | 5.625% |
| $7,519 – $11,279 | 6.625% |
| $11,279+ | 6.925% |
| Head of Household | |
| Idaho Taxable Income | Rate |
| $0 – $3,008 | 1.125% |
| $3,008 – $6,016 | 3.125% |
| $6,016 – $9,022 | 3.625% |
| $9,022 – $12,030 | 4.625% |
| $12,030 – $15,038 | 5.625% |
| $15,038 – $22,558 | 6.625% |
| $22,558+ | 6.925% |
Idaho Local Tax Deductions
Idaho state does not charge any local taxes.
State Unemployment Tax (SUI) Deductions
The Idaho state law compels citizens to pay state Unemployment (SUI) Tax for each employee’s first salary of $40000. The tax rates range from 0.393 to 5.4% (including the workforce training fund tax of 0.01179%). Whereas, the new workers have to pay a flat rate for SUI taxes of 1.374%.
Calculate Pay Check
Once you have entered in all the details in our Idaho Paycheck Calculator 2023 press the OK button and here you go. You will have your take-home salary amount in front of you. Idaho Paycheck Calculator 2023 have simplified the task for you to calculate the amount of your net salary according to the tax legislation of Idaho in 2023.
FAQs
What taxes do Idahoans pay?
Idahoans have to pay the only income tax which ranges from 1% to 6%.
How much do you make after taxes in Idaho?
The take-home salary for a single filer is almost $40,013.78 with a per annum income of $52,000. The married couple with a combined take-home salary is $80,235.48 annually.
What is the minimum wage for Idaho?
The minimum salary rate is $7.25 in Idaho state and is the same as Federal Minimum Wage.