When will your tax rebate from Idaho arrive? State says they’re coming soon – East Idaho News

BOISE (Idaho Statesman) — For those who’re nonetheless ready for a $300 tax rebate promised by the Idaho Legislature, don’t fear.

The Idaho State Tax Fee will start processing the funds in late September, Renee Eymann, spokesperson for the fee, advised the Idaho Statesman by e mail Thursday.

Earlier this month, the Legislature handed a invoice throughout a one-day particular session that directed $500 million to revenue tax refunds.

Full-time Idaho residents who filed taxes in 2020 and 2021 will obtain rebates equaling 10% of their 2020 revenue tax or $300, whichever is bigger. Joint filers will get $600 minimal.

The state tax fee is sending the checks within the order it obtained 2021 tax returns, beginning with taxpayers who’re eligible for direct deposit — those that offered financial institution info on their 2021 tax returns. The fee estimates about 75,000 funds will exit weekly.

Taxpayers who haven’t filed 2020 and 2021 tax returns can nonetheless obtain the rebate in the event that they file each returns by Dec. 31.

Full-time residents who didn’t pay revenue taxes however nonetheless filed tax returns the final two years — in the event that they sought the grocery tax credit score, as an illustration — are also eligible for rebates.

Idaho Gov. Brad Little stated he referred to as the particular session this month to deal with inflation, which reached a 40-year excessive. Along with rebates, Little’s proposal — which was backed by Republicans and Democrats — enacted a 5.8% flat tax for people and firms.

The laws additionally put aside $410 million for public faculties and workforce growth applications.