diff --git a/docs/userguide b/docs/userguide
index d43361b6..8026d87e 100644
--- a/docs/userguide
+++ b/docs/userguide
@@ -2728,8 +2728,8 @@ specific windows or for all windows (using the <<for_window>> directive).
 
 *Syntax*:
 -----------------------------
-title_window_icon <yes|no>
-title_window_icon padding <px>
+title_window_icon <yes|no|toggle>
+title_window_icon <padding|toggle> <px>
 ------------------------------
 
 *Examples*:
diff --git a/include/commands.h b/include/commands.h
index c27cba4a..d0f0140b 100644
--- a/include/commands.h
+++ b/include/commands.h
@@ -333,7 +333,7 @@ void cmd_shmlog(I3_CMD, const char *argument);
 void cmd_debuglog(I3_CMD, const char *argument);
 
 /**
- * Implementation of 'title_window_icon <yes|no>' and 'title_window_icon padding <px>'
+ * Implementation of 'title_window_icon <yes|no|toggle>' and 'title_window_icon <padding|toggle> <px>'
  *
  */
 void cmd_title_window_icon(I3_CMD, const char *enable, int padding);
diff --git a/parser-specs/commands.spec b/parser-specs/commands.spec
index 6efaa855..486f20dd 100644
--- a/parser-specs/commands.spec
+++ b/parser-specs/commands.spec
@@ -468,6 +468,8 @@ state TITLE_FORMAT:
 state TITLE_WINDOW_ICON:
   'padding'
     -> TITLE_WINDOW_ICON_PADDING
+  enable = 'toggle'
+    -> TITLE_WINDOW_ICON_PADDING
   enable = '1', 'yes', 'true', 'on', 'enable', 'active', '0', 'no', 'false', 'off', 'disable', 'inactive'
     -> call cmd_title_window_icon($enable, 0)
 
diff --git a/release-notes/changes/4-title_window_icon-toggle b/release-notes/changes/4-title_window_icon-toggle
new file mode 100644
index 00000000..f15e7a4a
--- /dev/null
+++ b/release-notes/changes/4-title_window_icon-toggle
@@ -0,0 +1 @@
+Add title_window_icon toggle
diff --git a/src/commands.c b/src/commands.c
index a4af1a39..27853bd0 100644
--- a/src/commands.c
+++ b/src/commands.c
@@ -2064,20 +2064,40 @@ void cmd_title_format(I3_CMD, const char *format) {
 }
 
 /*
- * Implementation of 'title_window_icon <yes|no>' and 'title_window_icon padding <px>'
+ * Implementation of 'title_window_icon <yes|no|toggle>' and 'title_window_icon padding <px>'
  *
  */
 void cmd_title_window_icon(I3_CMD, const char *enable, int padding) {
-    if (enable != NULL && !boolstr(enable)) {
-        padding = -1;
+    bool is_toggle = false;
+    if (enable != NULL) {
+        if (strcmp(enable, "toggle") == 0) {
+            is_toggle = true;
+        } else if (!boolstr(enable)) {
+            padding = -1;
+        }
     }
     DLOG("setting window_icon=%d\n", padding);
     HANDLE_EMPTY_MATCH;
 
     owindow *current;
     TAILQ_FOREACH (current, &owindows, owindows) {
-        DLOG("setting window_icon for %p / %s\n", current->con, current->con->name);
-        current->con->window_icon_padding = padding;
+        if (is_toggle) {
+            const int current_padding = current->con->window_icon_padding;
+            if (padding > 0) {
+                if (current_padding < 0) {
+                    current->con->window_icon_padding = padding;
+                } else {
+                    /* toggle off, but store padding given */
+                    current->con->window_icon_padding = -(padding + 1);
+                }
+            } else {
+                /* Set to negative of (current value+1) to keep old padding when toggling */
+                current->con->window_icon_padding = -(current_padding + 1);
+            }
+        } else {
+            current->con->window_icon_padding = padding;
+        }
+        DLOG("Set window_icon for %p / %s to %d\n", current->con, current->con->name, current->con->window_icon_padding);
 
         if (current->con->window != NULL) {
             /* Make sure the window title is redrawn immediately. */
diff --git a/testcases/t/314-window-icon-padding.t b/testcases/t/314-window-icon-padding.t
old mode 100644
new mode 100755
index 5320ab9f..71cf5bd5
--- a/testcases/t/314-window-icon-padding.t
+++ b/testcases/t/314-window-icon-padding.t
@@ -38,6 +38,36 @@ is(window_icon_padding($tmp), -1, 'window_icon_padding defaults to -1');
 cmd 'title_window_icon on';
 isnt(window_icon_padding($tmp), -1, 'window_icon_padding no longer -1');
 
+cmd 'title_window_icon toggle';
+is(window_icon_padding($tmp), -1, 'window_icon_padding back to -1');
+
+cmd 'title_window_icon toggle';
+isnt(window_icon_padding($tmp), -1, 'window_icon_padding no longer -1 again');
+
+cmd 'title_window_icon off';
+is(window_icon_padding($tmp), -1, 'window_icon_padding back to -1');
+
+cmd 'title_window_icon padding 3px';
+is(window_icon_padding($tmp), 3, 'window_icon_padding set to 3');
+
+cmd 'title_window_icon toggle';
+ok(window_icon_padding($tmp) < 0, 'window_icon_padding toggled off');
+
+cmd 'title_window_icon toggle';
+is(window_icon_padding($tmp), 3, 'window_icon_padding toggled back to 3');
+
+cmd 'title_window_icon toggle 5px';
+ok(window_icon_padding($tmp) < 0, 'window_icon_padding toggled off');
+
+cmd 'title_window_icon toggle 5px';
+is(window_icon_padding($tmp), 5, 'window_icon_padding toggled on to 5px');
+
+cmd 'title_window_icon toggle 5px';
+ok(window_icon_padding($tmp) < 0, 'window_icon_padding toggled off');
+
+cmd 'title_window_icon toggle 4px';
+is(window_icon_padding($tmp), 4, 'window_icon_padding toggled on to 4px');
+
 exit_gracefully($pid);
 
 ################################################################################