Residents eligible for this rebate have until Dec. 31 to file their 2020 and 2021 individual income tax to claim it. To qualify, people must have also been full-year residents in 2020 and 2021.
The rebate was approved by Idaho’s state government in September during the state legislature’s special session. Roughly 800,000 rebates worth $500 million are expected to be rolled out by the end of March 2023, according to the Idaho State Tax Commission.
The payments from these rebates will be given to recipients either by checks in the mail or direct deposits. Additionally, tax officials will deduct any outstanding tax payments owed to the state from the final rebate.
Gov. Brad Little’s (R) office noted that rebates could provide some relief to state residents facing increasing prices from inflation. The rebates will be made possible thanks to a $1 billion package that included tax cuts, education spending, and other initiatives.