On July 3, 2017, the Idaho State Tax Commission has revised “A Guide to Idaho Income Tax Withholding”. The publication contains updated 2017 state income tax withholding tables adjusted for inflation.

 

The agency has instructed employers not to adjust the withholding for the months prior to receiving the revised tables, but instead to begin withholding under the new tables now.

 

The Idaho State Tax Commission adjusts the personal income tax schedules each year for inflation. The revised income tax withholding tables are released when the accumulated annual inflation adjustments cause a substantial change.

 

Supplemental Wages

 

The supplemental withholding rate remains at 7.4%. Supplemental wages are those wages paid to an employee in addition to the employee’s regular wages, such as bonuses, commissions, overtime pay, payments for accumulated sick leave, severance pay, awards, prizes, back pay, retroactive pay, expense allowances paid under a non-accountable plan, payments for non-deductible moving expenses and other similar payments.
The revised publication is on the agency’s website. For more information on Idaho withholding taxes, see the agency’s website.

 

Thank you for choosing Paylocity as your Payroll Tax partner. Should you have any questions please contact your Paylocity Account Manager.

 

We will follow up with any additional information regarding any action that may be required for future reporting. Thank you for choosing Paylocity as your Payroll Tax partner. Should you have any questions please contact your Paylocity Account Manager.