© 2023 Boise State Public Radio
NPR in Idaho
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Tax Rebate Coming To Idahoans This Summer

A close-up shot of a blank 1040 U.S. Individual Income Tax Return form from 2017.
Jenny Kane
AP Photo

Idaho taxpayers will get a boost to their bank accounts later this year.

State legislators this month overhauled Idaho’s income tax law by reducing rates and consolidating brackets.

But they also approved a one-time tax rebate for full-time residents who filed income tax returns in 2019 and 2020.

In all, the deal will cost the state $382.9 million, $162.9 million of which will be ongoing.

Each person will get a minimum of $50 and another $50 for each dependent. Or, they could get 9% of the amount of state income tax they paid in 2019 – whichever is greater.

Supporters of the deal celebrated it as the largest tax cut in state history, while opponents say both the tax cut and the rebate benefit the rich more than working class Idahoans.

Idaho leads the nation in economic recovery coming out of the coronavirus pandemic when considering how much tax revenue it collected.

Lawmakers also used the surplus to boost transportation funding across the state, as well as to pay for one-time infrastructure initiatives.

A spokeswoman for the state tax commission says the agency is still working out final details with the governor’s office and state lawmakers. Those include details like whether the rebates will be issued as checks or deposited directly in a taxpayer's bank account.

However, she says she expects the rebates will be issued in late summer.

I cover politics and a bit of everything else for Boise State Public Radio. Outside of public meetings, you can find me fly fishing, making cool things out of leather or watching the Seattle Mariners' latest rebuilding season. If you have a tip, please get in touch!

You make stories like this possible.

The biggest portion of Boise State Public Radio's funding comes from readers like you who value fact-based journalism and trustworthy information.

Your donation today helps make our local reporting free for our entire community.