Conformity to Internal Revenue Code (IRC): Idaho conforms to the IRC as of January 1, 2024. Idaho doesn’t conform to IRC section 85, Unemployment Compensation, is applied as in effect on January 1, 2020.
Tax Rate Reduction: Effective January 1, 2024, the individual income tax rate is 5.695%.
Deduction/Credit Burden of Proof: Evidence that shows a taxpayer's right to claim a tax deduction or credit includes a credit card statement (or other document from a financial institution) along with a notarized, sworn statement that an expense was for a qualified deduction purpose.