Category: General
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2021 income tax forms now available
January 4, 2022
Get a head start on your tax preparations by checking out the individual and business Idaho income tax forms for 2021 that are now available on our website. The forms are fillable PDFs.
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More SALT guidance
December 20, 2021
Governor Little signed House Bill 317 into law on April 15, 2021. This new law allows certain pass-through entities to annually elect and pay an elective tax in the amount of 6.5% of the pro-rata or distributive share of the entity’s partners, shareholders, or members. The partners, shareholders, and members then receive a tax credit […]
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UPDATED: SALT workaround payment due Dec. 31, 2021
December 15, 2021
According IRS Notice 2020-75, pass-through entities that want to deduct the state and local tax (SALT) payment from their 2021 income on their federal tax return need to send the payment to the Idaho State Tax Commission by December 31, 2021. To pay online, use the Tax Commission’s Quick Pay option at tax.idaho.gov/quickpay using “business income tax” as […]
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Sales tax and holiday lights
December 14, 2021
The Idaho State Tax Commission has received numerous questions from consumers and decorating businesses about sales tax and how it applies to holiday lights. There are generally four types of transactions performed by decorating businesses that put up holiday lights. Three are taxable, one is not taxable: Taxable Sales and rentals of tangible personal property. […]