Sales tax deduction in Idaho
Varies
Is Sales Tax Deductible in Idaho?
Short answer: Only instead of income tax: itemizers in Idaho pick sales tax (6% state rate, about 6.03% with local taxes) or state income tax, whichever is bigger. Groceries are taxed at the full 6% rate; residents receive a refundable food tax credit of $155 per person (or up to $250 with receipts) to offset it.
Use the IRS Sales Tax Deduction Calculator or your receipts, add sales tax paid on a car, boat, or home-building materials, and stay within the $40,400 SALT cap (Schedule A line 5a).
Records to keep: Keep your state return, W-2s and 1099s (1099-R, SSA-1099), and any state credit worksheets. Check your state revenue department's current-year instructions before you file.
Sales tax deduction in Idaho
Varies
Individuals / Personal Taxes
Only instead of income tax: itemizers in Idaho pick sales tax (6% state rate, about 6.03% with local taxes) or state income tax, whichever is bigger. Groceries are taxed at the full 6% rate; residents receive a refundable food tax credit of $155 per person (or up to $250 with receipts) to offset it.
Business justification
Only instead of income tax: itemizers in Idaho pick sales tax (6% state rate, about 6.03% with local taxes) or state income tax, whichever is bigger. Groceries are taxed at the full 6% rate; residents receive a refundable food tax credit of $155 per person (or up to $250 with receipts) to offset it. Use the IRS Sales Tax Deduction Calculator or your receipts, add sales tax paid on a car, boat, or home-building materials, and stay within the $40,400 SALT cap (Schedule A line 5a).
Category
- Personal Tax Deductions