Depositing and Reporting Withheld Taxes: Idaho
Federal law and guidance on this subject should be reviewed together with this section.
Author: Scott Randolph and Bradley T. Cave, Holland & Hart LLP
Summary
- Employers must pay to the Idaho Tax Commission all taxes withheld on a monthly basis, with exceptions based on the total amounts withheld. See Deposit Thresholds and Schedules.
- Employers that do not deposit electronically must complete the appropriate form. Penalties are imposed for failure to comply with the income tax depositing and filing requirements. See Penalties.
- Certain employers are required to make deposits by electronic funds transfer (EFT). See Electronic Deposit Requirements.