Idaho State Tax Extensions: Business, Personal, Information and Nonprofit Tax Returns
An automatic extension of 6 month is granted to both Personal and business income tax extension of time if you have paid at least 80% of the current year's income tax liability or 100% of preceding year tax return. However, if you owe $50.00 or less, a payment is not required in order to have a valid extension of time to file your return. For more details like payment forms/vouchers & links please visit the respective section.
How do I get my extension for time to file the tax?
If you can't file your Idaho return by the due date, you will be allowed an automatic
six-month extension of time to file without sending a written request. To qualify,
you must pay at least 80% of the current year income tax liability or 100% of the
total income tax reported on your income tax return for the preceding year, if one
was filed.
If you will owe $50 or less, a payment isn't required; however, interest will accrue.
Paying less than the required amount will result in a penalty. A penalty will also
result if you pay the required amount but fail to pay the remainder of the tax due
by the extended due date. Interest accrues on any balance of tax due on the return
when it is filed.
Corporations
Multiply 7.6% by the estimated taxable income. If this results in less than $20, use $20 as the estimated tax. Add the $10 permanent building fund tax to the estimated income tax and subtract the amount estimated for income tax credits.
S Corporations
S corporations are subject to tax on excess net passive income and net recognized built-in gains. Use 7.6% to compute the estimated tax on this income. If the estimated tax on these items is less than $20 or the S corporation doesn't report income from these items, use $20 as the estimated tax.
S Corporations, partnerships, trusts, and estates with individual Shareholders, Partners, and Beneficiaries
If the income is reported and the tax paid for the individual shareholders, partners, or beneficiaries, use 7.6% to compute the estimated tax. This is in addition to the tax computed for the S corporation, trust, or estate. Add the $10 permanent building fund tax for each individual not filing an Idaho individual income tax return.
Trusts and Estates
Add the permanent building fund tax to the computed tax unless all income is distributed to beneficiaries, or if the trust is a qualified funeral trust.
Why should I use Express Extension?
ExpressExtension has an experienced and competent team to meet all your individual and business tax solutions. We provide a complete and easy solution to all your tax needs.
How do I get my automatic extension of time to file the return for Idaho?
If you can't file your Idaho tax return by April 15, 2025, you will be allowed an automatic six-month extension without filing a written request. To qualify for an automatic extension, you must file your tax return by October 15, 2025.
WIll I get an additional time to pay my tax also?
No.An extension of time to file your return is NOT an extension of time to pay your
tax. To avoid penalties, you must pay 80% of your current year's income tax liability
or 100% of the income tax reported on your income tax return for the preceding year,
if one was filed. If you will owe $50 or less, a payment isn't required in order
to have a valid extension of time to file your return.
However, interest will be charged. Form 51 may also be used to
make payments of 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 your check. Complete the tax payment worksheet below to see if you owe additional
tax. If you owe additional tax but can't file by April 15, 2025, send Form 51 with
your payment. Your payment must be postmarked by April 15, 2025.
Why should I use ExpressExtension?
ExpressExtension has an experienced and competent team to meet all your individual and business tax solutions. We provide a complete and easy solution to all your tax needs.
We support only federal tax extension forms.