Income Tax

Jenny Kane / AP Photo

As last minute tax filers line up at the post office, the Idaho State Tax Commission is offering some advice for folks who may become a victim of identity theft tax scams this year.

J Pat Carter / AP Images

Tuesday, April 18 is tax day. In Idaho, residents will file both state and federal income taxes. The Gem State has had this kind of tax since 1931.

But if you were hoping for some income tax relief on the state level you’ll have to wait at least another year.

Samantha Wright / Boise State Public Radio

The Idaho House overwhelmingly approved a $51 million tax cut plan Thursday despite hesitation from Republican and Democratic lawmakers unhappy with the deal.

 

House Majority Leader Mike Moyle (R-Star) is sponsoring the bill, and says the state’s current surplus means Idaho should give a little money back to tax payers. If the bill passes, the first $750 of income would be exempt from taxation, and the top income and corporate rates would be reduced from 7.4 percent to 7.2 percent.