Idahoans could start seeing their 2022 tax refunds later this month.
The Idaho State Tax Commission will begin giving rebates in late March to full-time residents in 2020 and 2021, according to a department news release. Individuals must also have filed tax returns or claimed a grocery tax credit during those years.
By the end of the year, the ministry expects to have issued more than 800,000 rebates totaling $350 million. The refunds follow a bill proposed by Governor Brad Little and passed by the Idaho Legislature.
How much money should an individual resident expect? Overall, people who make more money make more.
Specifically, the refund will be 12% of their 2020 income tax bill or $75, whichever is greater. Idaho taxpayers can calculate their refunds by looking at the income tax they paid in 2020 — on last year’s state tax form 40, line 20 — and multiplying that number by 0.12.
Taxpayers can track their refund online at tax.idaho.gov/rebate or visit the department’s website for more information. To use the online tools, taxpayers must have their Social Security number and an Idaho driver’s license, state-issued identification number, or their 2021 tax return, according to the press release.
Rebates are issued in the order the Idaho State Tax Commission receives 2021 tax returns, with direct deposit users first. Then, people who receive paper checks should expect their rebate, according to the release. Additional information regarding rebates is available at tax.idaho.gov/rebateinfo.
Want to donate your discount?
Residents who do not need their rebates can donate them through the Idaho State Tax Commission for Public Schools, Transportation, or State Parks and Recreation, according to the communicated.
The donation can be submitted online at tax.idaho.gov/donate, but must be made before the rebate is issued.
This story was originally published March 11, 2022 10:42 a.m.