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Some Idaho residents to see one-time tax rebate this summer

On The Money NerdWallet High Interest Loans
Posted at 10:34 AM, May 21, 2021
and last updated 2021-05-21 12:34:14-04

IDAHO — Some Idaho taxpayers will see a one-time tax rebate this summer as part of the income tax legislation passed earlier this year.

Boise State Public Radio reports the one-time rebate will go to full-time Idaho residents who filed income tax returns in 2019 and 2020. Each person will get either a minimum of $50, plus $50 for each dependent, or 9% of the state income tax they paid in 2019, whichever is greater.

It’s part of an overhaul of income tax law that is costing the state nearly $383 million, nearly $163 million of which is ongoing.