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One-time direct deposits of $125 will arrive in bank accounts beginning in May and continue through mid-summer.

Thanks to efforts over the last nine years that have allowed Indiana to fund critical needs while maintaining our state’s competitive tax environment, many Hoosier taxpayers will receive a one-time $125 taxpayer refund later this year under Indiana’s “Use of Excess Reserves” law.

The Automatic Taxpayer Refund is separate from any Indiana Individual Income Tax refund you may receive. There is nothing you need to do to receive this refund.

Here’s what you should know:

How you receive your Automatic Taxpayer Refund depends on information contained in your 2021 Indiana Individual Income Tax return. Your Automatic Taxpayer Refund is separate from other payments or refunds you may receive from the state.
Click here for more information.

Have questions?

Contact IN DOR: (317) 232-2240
Click here for IN DOR contact information.

 

 

Blog by Kim Storen, EA – Tax Services Director, Senior Tax Accountant

Learn more about Kim and the rest of the Storen Financial team here.