Next $350 Million in Stimulus Payments Upcoming

Next $350 Million: Before the holiday season begins, we have some excellent news for your wallet: it is likely that you will be receiving several hundred dollars. By the end of 2022, the Tax Commission anticipates that it will have issued more than 800,000 rebates with a combined value of up to $350 million. (source)

Where Exactly Does The Next $350 Million Come From?

A new tax rebate for Idaho residents who live there year-round was made possible by the signing of House Bill 436 by Governor Little. On that page, all you have to do is input your Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN), as well as the amount of your anticipated return in the space provided below. On this page of the state’s website, you can access the online tracking system for your rebate.

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How Can You Determine Whether Or Not You Are Qualified To Get Financial Assistance?

Individuals who were full-year residents of Idaho in 2020 and 2021 and who filed income tax returns for those years are eligible to receive tax rebates from the state of Idaho. How much will you get? The amount of the refund is either $75 for each taxpayer and each dependent or 12% of the taxpayer’s total tax liability for the year 2020, whichever is larger. (source)

Next 350 Million in Stimulus Payments Upcoming
Next $350 Million in Stimulus Payments Upcoming

Where Can You Find The Status Of Your Payment?

Going to the website of the state and researching the relevant tax information there is the most effective course of action to take. You’ll also need your social security number or taxpayer identification number in addition to your driver’s license number, the number on your state-issued ID, or your income tax return from 2021 for the state of Idaho. The best part is that you can utilize that website whenever it’s convenient for you.

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