Up to $600 in tax rebates 2023 were being issued in Idaho from a $500 million pot. In this article, read and find out who was able to receive the payments yesterday, March 31!The Tax Commission of the state of Idaho has been issuing tax rebates 2023 to eligible residents since the last fall season. The payments are made possible because of the state’s $1.54 billion projected budget surplus at the end of the 2023 fiscal year.
According to Rowe, the Tax Rebates 2023 are worth $300 for individuals and $600 for couples. As an alternative, the rebates can be worth whichever is greater between up to 10% of the 2020 income taxes and the established amounts. The Tax Commission was expected to issue more than 800,000 payments worth up to $500 million. Unfortunately, the last day of payments was scheduled yesterday, March 31.
Who was eligible to receive the Tax Rebates 2023?
An article on MARCA states that those who were eligible to receive the Tax Rebates 2023 were residents of Idaho in 2020 and 2021. The recipients have also filed a Form 24 or an individual income tax return. If bank information was provided upon filing the 2021 tax returns, the tax payments must have been received through a direct deposit into a bank account.
On the contrary, all other taxpayers will be given the Tax Rebates 2023 through checks at the current address the Tax Commission of the state has on record. This includes those taxpayers who used a tax refund product like a refund anticipation loan upon filing tax returns with tax softwares.
Lastly, to be able to check the status of the Tax Rebates 2023, a Social Security number or an individual Taxpayer Identification Number is needed. In addition, a 2021 income tax return, a driver’s license number, and a state-issued ID number are also needed.