Hoosiers should expect to start receiving the promised one-time $125 automatic taxpayer refund in the coming weeks, Indiana Gov. Eric Holcomb announced Wednesday.
After the tax-filing deadline passes on April 18, the state Department of Revenue, in conjunction with the Auditor of State’s Office, will begin issuing the refunds via direct deposit or by mailing a paper check.
The governor first announced in December that an estimated 4.3 million taxpayers will receive a $125 refund after they file their 2021 taxes. An estimated $545 million will be returned to Hoosiers. The automatic refund was triggered last summer after the state ended the last fiscal year with nearly $4 billion in reserves, which was $1.2 billion more than expected.
Refunds will begin in May through direct deposit for residents who provided their banking information on their return when they filed their 2021 income taxes. Direct deposits are expected to continue through July.
For those who did not include banking information on their returns, paper checks will be issued beginning in late July and continue through August, with the goal of completing the refund statewide by Sept. 1.
The refund is in addition to and separate from any refund Hoosiers may receive after filing their 2021 state income tax returns, and no further action in required to receive the $125 refund.
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I would prefer they fix our roads….
$125 is meaningless
Thank you now I can buy 5 eggs.
Let’s see if I’m following the logic correctly — they announce this last fall that everyone is going to get an additional 125$ (which after this year’s rampant inflation is about $25 now)… now they’ll send it to you if you pay your taxes first? Why couldn’t that have been baked in so my taxes were accurately accounted for up front? Or is this like cutting a bit of rope off one side, tie it to the other, then say we have a longer rope?
Like James M said before me — use mine to fix the bloody roads. And make certain it’s done with a warrantee so we’re not fixing them in 12 months time…
(and this is simple pandering to voters anyways…the surplus was created by mismanaged funds from the feds from covid cash)
Well Said All..
You liberals would complain if they hung you with a new rope….
Bob P. ~ Brilliant…at least somewhere within the cavern where your brain ought to be. Prey tell, explain to us how the equivalent of $2.40 a week will make your life better. And don’t serve up a plate full of “less government spending is better for Indiana.” Such libertarian nonsense is the ideal yet is unworkable in our modern society (unless you really want to plunge us all back in time a couple centuries).