Eligible residents of Idaho have until the year's end to claim a special session tax rebate of at least $300 for individual filers and $600 for joint filers.
Idaho tax officials already began distributing the rebates back in late September, but lingering eligible recipients have until Dec. 31 to file the appropriate paperwork to claim their payments. To qualify, individuals must have resided in the state for a full year in 2020 as well as 2021 and file their individual income taxes for both years.
The special session rebate was part of a larger $1 billion package that entailed tax cuts, education spending, and other initiatives. It could provide alleviation to Idahoans straddled by inflation, Gov. Brad Little's office underscored when backing the measure. At least 800,000 rebates totaling up to $500 million are estimated to be sent out by the end of March 2023, according to the Idaho State Tax Commission.
In addition to the special session rebate, which was approved by the state legislature back in September, the state had also rolled out a standard 2022 rebate. This featured payments of $75 per taxpayer and dependent or 12% of line 20 on one's 2022 income tax form, whichever is greater.As with most rebates, the special session ones can be delivered via a check in the mail or direct deposit. Tax authorities will deduct any outstanding tax debt from the rebate issued.
Idahoans can utilize the Where's My Rebate tool to review the status of rebate payments. Additional information about the state's rebate programs can be found on the Idaho State Tax Commission website.
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