The Idaho State Tax Commission (STC) recently issued updated withholding tables for 2024, due to a law change that lowered personal income tax rates retroactive to January 1, 2024 [STC, Press Release, 5-23-24].
The revised withholding tables should be used going forward. Employers do not need to adjust withholding back to the beginning of the year.
Updates have been made to the following tables:
- Percentage Computation Method Withholding Tables
- Wage Bracket Method Withholding Tables
- Idaho Child Tax Credit Allowance Table
Supplemental Wage Tax Rate Lowered
Retroactive to January 1, 2024, the supplemental wage tax rate has been reduced to 5.695% from 5.8%.
Interested in more state and local payroll coverage? PayrollOrg’s PayState Update eNewsletter is perfect for you.
Lia Coniglio, Esq., is Managing Editor of PayState Update and Senior Manager of State Payroll Information Resources for PayrollOrg.
