News

Actions

Idaho sends out $169M in one-time income tax rebates

Idaho sends out $169M in one-time income tax rebates
Cash money generic dollars
Posted
and last updated

BOISE, IDAHO — An Idaho official says 645,000 income tax rebates totaling $169 million have been sent out so far this year.

Idaho Division of Financial Management Administrator Alex Adams told lawmakers on a finance committee on Wednesday that the average rebate has been $248. The rebates are part of tax relief legislation passed by the Legislature and signed into law by Republican Gov. Brad Little earlier this year.

The one-time rebates are going to 2020 personal income tax filers for taxes paid in 2019. The minimum amount is $50 for each taxpayer and dependent or 9% of income taxes paid.

Adams says one person sent their rebate back.