Hide/show element with a boolean

Yes there is!

$element.toggle();

Without any parameters, toggle just toggles the elements visibility (I don't mean the visibility property) and depends on the current state of the element.

$element.toggle(display);

If you call toggle with a boolean parameter, element is shown if it is true and hidden if it is false

source

Apparently you can just pass a boolean to the toggle function

$element.toggle(shouldElementBeVisible)