Unlock Your $120 Grocery Tax Refund in Idaho: All You Need to Know
Idaho’s Generous Grocery Credit Refund: Eligibility, Dependents, and Exceptions Explained
According to big country news, Idaho residents who don’t earn enough to file an income tax return have the opportunity to claim a refund on some of the sales tax they paid for groceries. This refund, known as the Idaho Grocery Credit Refund, amounts to $120 for most residents, with an additional $120 for each qualifying dependent. Individuals aged 65 or older receive a slightly higher refund of $140. The credit is available to all full-year Idaho residents, with qualifying dependents including children born or adopted by the end of 2023, as well as resident dependents who passed away in the same year. However, the refund is prorated to exclude any months during which the individual received federal food stamps, was incarcerated, or was residing in the United States illegally.
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Last Year’s Success: Over 98,700 Idahoans Benefited from the Grocery Credit Refund Program
To claim the grocery credit refund, Idaho residents who aren’t required to file a tax return have two options depending on their age. Those aged 65 or older can use Form 24 provided by the Idaho State Tax Commission, while individuals under 65 must utilize Form 40 and follow specific instructions outlined in the individual income tax booklet. For those required to file a tax return, the grocery credit can be claimed on their individual income tax return. Additionally, part-time residents can receive a prorated credit based on the number of months they resided in Idaho to offset any owed taxes. Last year, over 98,700 Idaho residents who weren’t obligated to file a tax return received refunds for the sales tax paid on groceries, highlighting the importance of this credit in providing financial relief to eligible individuals.