Idaho residents, tax rebates are headed your way. Here’s how much you can expect, and when
Idahoans could start seeing their 2022 tax rebates later this month.
The Idaho State Tax Commission will begin issuing rebates in late March to full-time residents in 2020 and 2021, according to a news release from the department. Individuals also need to have filed income tax returns or filed for a grocery tax credit during those years.
By the end of the year, the department expects to have issued more than 800,000 rebates for a total of $350 million. The rebates follow a bill proposed by Gov. Brad Little and passed by the Idaho Legislature.
How much money should an individual resident expect? Overall, people that make more money, get more.
Specifically, the rebate will amount to 12% of their 2020 income tax bill or $75, whichever is greater. Idaho taxpayers can calculate their rebates by looking at the income tax they paid in 2020 — on last year’s state tax form 40, line 20 — and multiply that number by 0.12.
Taxpayers can track their rebate online at tax.idaho.gov/rebate or visit the department’s website for more information. To use the online tools, taxpayers need to have their Social Security number and either an Idaho driver’s license, state-issued identification number, or their 2021 income tax return available, according to the release.
Rebates are issued in the order the Idaho State Tax Commission receives 2021 income tax returns, with direct deposit users first. Then, people who are receiving paper checks should expect their rebate, according to the release. Additional information regarding rebates can be found at tax.idaho.gov/rebateinfo.
Want to donate your rebate?
Residents who don’t need their rebates can donate them through the Idaho State Tax Commission for the state’s public schools, transportation or parks and recreation, according to the release.
The donation can be submitted online at tax.idaho.gov/donate, but it has to be done before the rebate is issued.
This story was originally published March 11, 2022 at 10:42 AM.
