Idaho Estimated Payment of Idaho Individual Income Tax
Extracted from PDF file 2023-idaho-form-51.pdf, last modified August 2023Estimated Payment of Idaho Individual Income Tax
Form 51 — Voucher Estimated Payment of Individual Income Tax General Information. Use Form 51 to calculate any payment due for a valid tax year 2023 extension or make estimated payments for tax year 2024 (check the appropriate year on the form). You can also use Form 51 to make payments of Qualified Investment Exemption (QIE) recapture when you don’t file your income tax return by the due date. Write “Payment of QIE Recapture” at the bottom of the form, and return it with a check. If you can’t file your 2023 Idaho tax return by April 15, 2024, you’ll be allowed an automatic six-month extension if you’ve paid at least one of the following: • 100% of the income tax reported on your 2022 return (if you filed a return). Doesn’t apply if you’ve never filed a return in Idaho. • 80% of the estimated tax due on your 2023 return. If you qualify for the automatic extension, file your extended tax return by October 15, 2024. An extension of time to file your return isn’t an extension of time to pay your tax. If you owe $50 or less, a payment isn’t required to have a valid extension. However, we’ll charge you interest. Complete the tax payment worksheet below to calculate the payment due. Payments must be made online or postmarked by April 15, 2024. Tax Payment Worksheet. (Keep for your records.) 1. Total tax on your 2022 return, Form 40, line 33 minus lines 28, 29, 31, 43, 44, and 49; Form 43, line 53 minus lines 48, 49, 51, 63, 64, and 69 ....................................................................... 1. 2. Tax on your 2023 estimated taxable income. Form 40, line 20; Form 43, line 42 ................................. 2. 3. Estimated additional income taxes for 2023. Form 40, lines 30 and 32; Form 43, lines 50 and 52 ...... 3. 4. Estimated income tax credits for 2023. Form 40, lines 26, 43, 44, and 49; Form 43, lines 43 through 46, 63, 64, and 69 ....................................................................................... 4. 5. Add lines 2 and 3, then subtract line 4 .................................................................................................. 5. 6. Multiply line 5 by 80% ........................................................................................................................... 6. 7. Enter the lesser of line 1 or line 6 ......................................................................................................... 7. 8. Idaho income tax withheld on your 2023 return. Form 40, lines 46 and 48; Form 43, lines 66 and 68 .. 8. 9. 2023 Form 51 payments on your 2023 return. Form 40, line 47; Form 43, line 67 ............................... 9. 10. Add amounts listed on lines 8 and 9 ..................................................................................................... 10. 11. Payment Due. Subtract line 10 from line 7. Enter “0” if the difference is a negative number ................ 11. Payment of the amount on line 11 is the minimum amount required for a valid extension of time to file. To reduce the amount of interest you’ll owe when the return is filed, you can pay more than the estimated amount. Enter the additional amount on line 12. 12. Additional amount ................................................................................................................................. 12. 13. Total. Add lines 11 and 12. Enter the amount here and on Form 51 below ......................................... 13. Return the bottom portion only if you’re making a payment. Form 51 — Voucher Estimated Payment of Individual Income Tax This payment is for tax year: 2023 2024 Tax code 01 Tran code 10 Mail to: Idaho State Tax Commission PO Box 83784 Boise ID 83707-3784 Amount paid $ 00 Your first name and initial Last name Full Social Security number If a joint return, spouse’s first name and initial Last name Full Spouse’s Social Security number Address (number, street, and apartment number) City EFO00092 State 08-23-2023 ZIP Code
Form 51 Voucher, Estimated Payment of Individual Income Tax 2023
More about the Idaho FORM 51 Individual Income Tax Estimated TY 2023
If you are self employed and do not have tax withholding deducted from your salary you can file an estimated income tax payment by completing Form 51. Estimated payments, however, are not required under Idaho law. This document includes an estimated tax w
We last updated the Estimated Payment of Idaho Individual Income Tax in January 2024, so this is the latest version of FORM 51, fully updated for tax year 2023. You can download or print current or past-year PDFs of FORM 51 directly from TaxFormFinder. You can print other Idaho tax forms here.
Other Idaho Individual Income Tax Forms:
TaxFormFinder has an additional 65 Idaho income tax forms that you may need, plus all federal income tax forms.
Form Code | Form Name |
---|---|
FORM 24 | Idaho Grocery Credit Refund |
FORM 40 | Idaho Individual Income Tax Return |
FORM ID-VP | Income Tax Payment Voucher |
FORM 51 | Estimated Payment of Idaho Individual Income Tax |
FORM 39R | Idaho Supplemental Schedule (Resident) |
View all 66 Idaho Income Tax Forms
Form Sources:
Idaho usually releases forms for the current tax year between January and April. We last updated Idaho FORM 51 from the State Tax Commission in January 2024.
FORM 51 is an Idaho Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Idaho FORM 51
We have a total of thirteen past-year versions of FORM 51 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
Form 51 Voucher, Estimated Payment of Individual Income Tax 2023
Form 51 Voucher, Estimated Payment of Individual Income Tax
Form 51 Voucher, Estimated Payment of Individual Income Tax approved
Form 51, Estimated Payment of Individual Income Tax
Form 51 Voucher, Estimated Payment of Individual Income Tax
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