Idaho Paycheck Calculator
Calculate your take-home pay after federal & Idaho taxes
Updated for 2023 tax year on Mar 15, 2023
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Paycheck calculator for Idaho
Overview of Idaho
Idaho has a population of over 1 million (2019). A significant part of its economy includes manufacturing, agriculture, mining, forestry, and tourism. Nicknamed “The Gem State”, almost every known type of gemstone has been found in the state. The median household income is $52,225 (2017).
Brief summary:
- the income tax rate ranges from 1.125% to 6.925%
- no state-level payroll tax
- has standard deductions
From Wikipedia
Understanding your Idaho paycheck
Have you ever wondered how your Idaho paycheck comes together and what causes those deductions? Let’s unravel the mystery! Your paycheck has two primary federal deductions: income taxes and Federal Insurance Contributions Act (FICA) taxes. The federal income tax depends on your income, marital status, and allowances, while FICA taxes fund Social Security and Medicare programs.
For individuals earning more than $200,000 per year, an additional Medicare tax of 0.9% must be considered. This tax applies only to the amount above the $200,000 threshold.
Your Form W-4 plays a crucial role in your Idaho paycheck. When you begin a new job or experience a significant life event, completing this form is important to ensure the correct amount of federal income tax is withheld. Additionally, your pay frequency (weekly, bi-weekly, or monthly) may affect the size of your paycheck.
Now, let’s talk about marital status and pre-tax deductions. Your marital status influences the tax rates and deductions you’re eligible for, while pre-tax deductions lower your taxable income. Examples of pre-tax deductions include health insurance premiums, retirement plan contributions, and flexible spending accounts.
Idaho’s income tax rates range from 1% to 6%, depending on your taxable income. There is no additional payroll or local income taxes.
Idaho offers a state standard deduction but doesn’t have personal exemptions. The deduction amounts are the same as the ones for federal. This deduction reduces your taxable income, ultimately lowering your state tax liability.
Finally, let’s address post-tax deductions. These deductions are taken from your net income after taxes have been withheld. Examples include life insurance premiums, certain retirement plan contributions, and charitable donations. Keep in mind that post-tax deductions do not affect your taxable income.
Calculate your Idaho paycheck
Idaho tax year starts from July 01 the year before to June 30 the current year. So the tax year 2022 will start from July 01 2021 to June 30 2022.
Calculating your Idaho state income tax is similar to the steps we listed on our Federal paycheck calculator:
- figure out your filing status
- work out your adjusted gross income [Net income – Adjustments = Adjusted gross income]
- calculate your taxable income [Adjusted gross income – Standard/Itemized deductions = Taxable income]
- understand your income tax liability [Taxable income × Income tax rate = Income tax liability]
- minus any tax liability, deductions, withholdings [Net income – (Income tax liability + Pre-tax deductions + Post-tax deductions + Withholdings) = Your paycheck]
State payroll tax
There is no state-level payroll tax.
State income tax brackets
Each filer type has different progressive tax rates. Refer to Tax Foundation for more details.
Tax year | Filing status | Taxable income | Rate |
---|---|---|---|
2022 | Single Married, Filing Separately |
$0 – $1,588 | 1% |
$1,588 – $4,763 | 3% | ||
$4,763 – $7,939 | 4.5% | ||
$7,939+ | 6% | ||
Married, Filing Jointly or Widow(er) Head of Household |
$0 – $3,176 | 1% | |
$3,176 – $9,526 | 3% | ||
$9,526 – $15,878 | 4.5% | ||
$15,878+ | 6% | ||
2021 | Single Married, Filing Separately |
$0 – $1,568 | 1.125% |
$1,568 – $3,136 | 3.125% | ||
$3,136 – $4,704 | 3.625% | ||
$4,704 – $6,272 | 4.625% | ||
$6,272 – $7,840 | 5.625% | ||
$7,840 – $11,760 | 6.63% | ||
$11,760+ | 6.925% | ||
Married, Filing Jointly or Widow(er) Head of Household |
$0 – $3,136 | 1.125% | |
$3,136 – $6,272 | 3.125% | ||
$6,272 – $9,408 | 3.625% | ||
$9,408 – $12,544 | 4.625% | ||
$12,544 – $15,680 | 5.625% | ||
$15,680 – $23,520 | 6.625% | ||
$23,520+ | 6.925% | ||
2020 | Single Married, Filing Separately |
$0 – $1,541 | 1.125% |
$1,541 – $3,081 | 3.125% | ||
$3,081 – $4,622 | 3.625% | ||
$4,622 – $6,162 | 4.625% | ||
$6,162 – $7,703 | 5.625% | ||
$7,703 – $11,554 | 6.63% | ||
$11,554+ | 6.925% | ||
Married, Filing Jointly or Widow(er) Head of Household |
$0 – $3,082 | 1.125% | |
$3,082 – $6,162 | 3.125% | ||
$6,162 – $9,244 | 3.625% | ||
$9,244 – $12,324 | 4.625% | ||
$12,324 – $15,406 | 5.625% | ||
$15,406 – $23,108 | 6.625% | ||
$23,108+ | 6.925% |
State standard deduction
Tax year | Filing status | Standard deduction amount |
---|---|---|
2022 | Single Married, Filing Separately |
$12,950 |
Married, Filing Jointly | $25,900 | |
Head of Household | $19,400 | |
2021 | Single Married, Filing Separately |
$12,550 |
Married, Filing Jointly | $25,100 | |
Head of Household | $18,800 | |
2020 | Single Married, Filing Separately |
$12,200 |
Married, Filing Jointly | $24,400 | |
Head of Household | $18,350 |
State exemptions
There is no state-level exemptions.
FAQs
What taxes do Idahoans pay?
The only state-level tax Idahoan to pay is the income tax which ranges from 1% to 6%.
How much do you make after taxes in Idaho?
The take-home pay is $40,013.78 for a single filer with an annual income of $52,000.
A married couple with a combined annual income of $104,000 will take home $80,235.48.
How much taxes will get deducted from a $52,000 paycheck in Idaho?
The total taxes deducted for a single filer are $881.60 monthly or $406.89 bi-weekly.