The rebates are thanks to legislation passed and approved by Idaho’s state legislature and governor in September during a special session of the legislature.
The office of Gov. Brad Little (R-ID) said the rebates seek to provide people struggling with inflation some financial relief.
State tax authorities began sending out rebates in late September and have plans to send out more payments as additional residents qualify, according to the Idaho State Tax Commission.
To qualify for this rebate, state residents must have been full-year residents in both 2020 and 2021 and file their individual income taxes for both years by Dec. 31. The amount that filers receive will vary based on the filer’s financial status.
Residents can receive these rebates either via direct deposit or a check in the mail, based on their preference. Any outstanding tax payments due to the state will be deducted from the final rebate by tax authorities.
Around 800,000 rebates worth $500 million are estimated to be sent out by the end of March 2023, according to the Idaho State Tax Commission.