Last Two Weeks to Claim Direct Payments Ranging From $300 to $600 From the $500 Million Pot

Americans have JUST TWO WEEKS left to claim a cash payment in Idaho worth anywhere from $300 to $600.

Taxpayers must submit the necessary tax returns by December 31, 2022, in order to be eligible for the rebate.

The $500 million in tax refunds for residents was approved by Idaho Governor Brad Little in September.

Individual taxpayers can anticipate payments of $300.

Joint filers will receive checks totaling $600 or 10% of their 2020 income taxes, whichever is higher.

Who qualifies for the rebate?

A few conditions must be met in order to qualify for the rebates.

You must have submitted a Form 24 or an Idaho individual income tax return in 2020 and 2021 while residing in the state on a full-time basis.

Part-year residents and nonresidents are ineligible.

When to expect the payments

The Tax Commission issued rebates in the order that 2021 income tax returns were received.

According to the agency, 75,000 will be distributed weekly.

Check recipients can monitor their payments online at tax.idaho.gov/rebate.

How to calculate your rebate

Your 2020 tax return data will be used to calculate your rebate.

When you filed your 2021 tax return, your filing status may have changed, which could have an impact on the number of rebates you’ll get.

For instance:

You receive the full amount of each rebate, which is calculated using the 2020 return. You filed as Single in 2020 but as Married Filing Jointly in 2021.

Your rebates are based on the 2020 return, but you only receive half of each rebate because you filed as Married Filing Jointly in 2020 but as Single or Head of Household in 2021. Both you and your ex-spouse will receive an equal share of the rebates.

To request an update if your address has changed, send an email to RebateAddressUpdate@tax.idaho.gov.

The last four digits of your Social Security number, your individual taxpayer identification number, or your full name must be provided.

Your old and new addresses are also required.

Other Idaho rebates

Many cities in Idaho have established their own assistance programs.

For instance, Boise residents are waiting in line to get one-time assistance payments of up to $1,500.

Homeowners who qualify for the statewide Circuit Breaker property tax program may begin applying for the Boise Property Tax Rebate Program this month.

For eligible residents, the program offers rebates on a home and up to one acre of land ranging from $250 to $1,500.

Applicants must have an annual income of less than $32,000, be 65 years of age or older, have served in the military, be legally blind or disabled, or be former prisoners of war.

Mobile homeowners are also acceptable.

Additionally, candidates must be under $800,000 in net worth.

Applications are still being accepted through May 1, 2023.

Today is the last day that Americans can submit claims for a $350 relief check from a $2.1 million pool.

Additionally, this year three relief payments totaling up to $300 were delayed, but many payments are still being made.

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