Stimulus update: Idaho residents have until Dec. 31 to claim tax rebates worth up to $600

NerdWallet-Millennial Money Money Rules Reality
The likeness of Benjamin Franklin is seen on U.S. $100 bills, Thursday, July 14, 2022, in Marple Township, Pennsylvania (AP Photo/Matt Slocum) Matt Slocum/AP

Stimulus update: Idaho residents have until Dec. 31 to claim tax rebates worth up to $600

Video Embed

Residents of Idaho only have until the end of 2022 to apply for a tax rebate featuring up to $300 for individual filers and $600 for joint filers.

To qualify for this rebate, state residents must have been full-year residents in both 2020 and 2021 and file their individual income tax for both years by Dec. 31. The amount that filers receive will vary due to the filer’s financial status.

RICHLAND WOMAN FRAUDULENTLY OBTAINED $337,267 IN COVID RELIEF

Idaho’s state legislature and governor approved the rebate package in September during a special session at the state legislature. The rebate could potentially give people struggling with inflation some financial relief, Gov. Brad Little’s (R) office noted when touting the measure.

State tax authorities started sending out the rebates in late September and have plans to send out more payments as additional residents qualify, according to the Idaho State Tax Commission.

Residents can receive these rebates either through direct deposits or as 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.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

Idaho residents can use the Where’s My Rebate tool to track the status of rebate payments. Additional information on the rebate is available on the Idaho State Tax Commission website.

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.

© 2022 Washington Examiner

Related articles

Share article

Latest articles