January 2023 is the start of the new tax filing year and an opportunity to maximize your tax rebates.
January 2023 is the start of the new tax filing year and an opportunity to make the most of your tax rebates.
FAQs
- Who will qualify for the tax rebates?
A full-year Idaho resident that filed an Idaho individual income tax return or a Form 24 is eligible for the rebates. Nonresidents and part-year residents are not qualified to apply.
- How to get my tax rebates
You must file your application in your 2020 and 2021 individual income tax returns by December 31, 2022, to receive the rebates in 2023.
- Is the tax rebates taxable?
Rebates are handled precisely like regular refunds; they’re not taxable in Idaho.
- Can I receive email information stating that I qualify for the rebates?
The answer is yes. There will be emails about the rebates on behalf of Governor Little and the Legislature. The emails will be directed to people who e-filed their 2021 income tax returns.
- For more information about the rebates
contact (208) 334-7660 in the Boise area or toll-free at (800) 972-7660.
Tax Refunds Information in 2023
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The child tax credit (CTC)
The CTC is worth $2,000 maximum per qualifying child. Up to $1,400 is refundable. To qualify for the CTC, you must earn more than $2,500.
- Watch out for scammers
Several people lost millions of dollars and their personal information to tax scams. Scammers usually use regular mail, telephone, or email to set up individuals, businesses, payroll, and tax professionals.
The IRS never contacts taxpayers directly to obtain personal or financial information by email, text messages, or social media. Recognize the telltale signs of a con.
See also: How to identify the IRS calling or knocking on your door.
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About filing your tax return
If you earn less than the standard deduction threshold for 2022, which is $12,950 for single filers and $25,900 for married couples filing jointly, you may not be required to file a return.
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