December 15, 2021

Hoosiers taxpayers will get $125 each next year from automatic taxpayer refund


Indiana’s automatic taxpayer refund is triggered when the state ends the fiscal year with significantly large budget reserves – like it did in 2021.  - Justin Hicks/IPB News

Indiana’s automatic taxpayer refund is triggered when the state ends the fiscal year with significantly large budget reserves – like it did in 2021.

Justin Hicks/IPB News

About 4.3 million Hoosier taxpayers will each get $125 next year because of Indiana’s automatic taxpayer refund.

Indiana’s automatic taxpayer refund is triggered when the state ends the fiscal year with significantly large budget reserves – like it did this summer.

The last and only time it was triggered, in 2012, people got the money as a credit when they filed their taxes – so, if you owed some money to the state, the refund amount was subtracted from that.


Join the conversation and sign up for the Indiana Two-Way. Text "Indiana" to 73224. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues.


But this time, the refund is being processed separately from Hoosiers’ taxes. The refund – $125 per taxpayer – will go out as checks in the mail or via direct deposit into Hoosiers’ bank accounts.

The Holcomb administration said it also will pursue legislation in the upcoming session to expand eligibility for the refund, meaning about 910,000 people will get the refund who wouldn’t have before.

The governor’s office said it hopes to have the refunds out to taxpayers by May 1, 2022.

Contact reporter Brandon at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.

Support independent journalism today. You rely on WFYI to stay informed, and we depend on you to make our work possible. Donate to power our nonprofit reporting today. Give now.

 

Related News

Braun, McCormick contrast sharply on policy in first debate of fall gubernatorial campaign
Republican Mike Braun to replace falsified image in attack ad against Democrat Jennifer McCormick
Indiana gubernatorial candidates meet in debates this week, with libertarian partially excluded