One of the few states in the union that levies an income tax is Idaho. Depending on the taxpayer’s income level, the state charges a progressive income tax rate ranging from 1.125% to 6.925%. With some adjustments, the income tax is calculated using the taxpayer’s federal adjusted gross income.
Gun safes are tax-free in Idaho since the state doesn’t impose a sales tax on them. Gun safes are among the few items that are exempt from sales taxes in most states, including Idaho. As a result, it’s a terrific place for gun owners to find economical storage options for their weapons. Does Idaho Require Me to Collect Sales Tax?
In Idaho, if you run a business, you must collect sales tax on all products and services you sell there. Local sales taxes might potentially be imposed in addition to Idaho’s 6% state sales tax. However, some things—like groceries, prescription medications, and utilities—are free from sales tax. Does Idaho Collect Sales Tax on Purchases Made Outside the State?
Online or mail-order purchases purchased outside of Idaho are not subject to sales tax. Sales tax might apply to the transaction if the out-of-state seller has a physical presence in Idaho, such as a store or warehouse.
The majority of tangible personal property in Idaho is taxable. This includes things like furniture, electronics, and apparel. However, some things—like groceries, prescription medications, and utilities—are free from sales tax. In Idaho, services like haircuts and legal services are typically excluded from sales tax as well.
In conclusion, Idaho levies a state income tax but does not charge the majority of products and services, such as gun safes, with a sales tax. While most goods and services sold in Idaho must be subject to sales tax, some products are exempt from this requirement. Online or mail-order purchases made outside of Idaho are exempt from sales tax, but if the out-of-state merchant has a physical presence in Idaho, the transaction may be subject to sales tax.