Taxpayer refund is hitting bank accounts
August 23, 2022 at 8:54 p.m.
Franklin County residents have reported receiving the automatic taxpayer refund (ATR) checks. The State of Indiana Dept. of Treasury confirmed the printing of checks has begun, and the first group of checks should reach mailboxes later this week.
Taxpayers and teacher pensions will receive $125 each. A second ATR for $200 will follow for any individual who qualified for the first refund.
To qualify for the $125 (or $250 if filed jointly), taxpayers must had filed an Indiana individual income tax return for 2020 with a postmark date of Jan. 3, 2022.
With roughly 50,000 checks printed each day, Auditor Klutz anticipates all 1.7 million refund checks being mailed by early Oct.
"We have worked tirelessly with the Governor's team to get Hoosiers their checks, and despite the many challenges we encountered, we are pleased to get printing started,” said Auditor Klutz. “To those Hoosiers who have been patiently waiting for their check, I want to say - the wait is over! We have successfully printed the first round of checks, which eligible Hoosiers should start to see receive."
On June 30, 2021, state reserves exceeded 12.5% of state budget general fund appropriations for the following year; a $1.1 billion excess reserve transfer was automatically generated.
In June of 2022, the state closed the books with an annual surplus of $3.9 billion, and when combined with its previous reserve balance, resulted in Indiana having over $6 billion in reserves. Governor Eric Holcomb called a legislative special session asking the General Assembly to return some of that surplus to Hoosiers.
How taxpayers receive their $125 and $200 refunds will depend on how they filed their 2021 individual income tax return with the department. If taxpayers listed direct deposit (checking or savings account) information on their 2021 Indiana income tax refund, they should have already received their $125 direct deposit.
If they have not received a direct deposit, they will receive a combined check from the Auditor of State for $325 (or $650 if filed jointly).
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Franklin County residents have reported receiving the automatic taxpayer refund (ATR) checks. The State of Indiana Dept. of Treasury confirmed the printing of checks has begun, and the first group of checks should reach mailboxes later this week.
Taxpayers and teacher pensions will receive $125 each. A second ATR for $200 will follow for any individual who qualified for the first refund.
To qualify for the $125 (or $250 if filed jointly), taxpayers must had filed an Indiana individual income tax return for 2020 with a postmark date of Jan. 3, 2022.
With roughly 50,000 checks printed each day, Auditor Klutz anticipates all 1.7 million refund checks being mailed by early Oct.
"We have worked tirelessly with the Governor's team to get Hoosiers their checks, and despite the many challenges we encountered, we are pleased to get printing started,” said Auditor Klutz. “To those Hoosiers who have been patiently waiting for their check, I want to say - the wait is over! We have successfully printed the first round of checks, which eligible Hoosiers should start to see receive."
On June 30, 2021, state reserves exceeded 12.5% of state budget general fund appropriations for the following year; a $1.1 billion excess reserve transfer was automatically generated.
In June of 2022, the state closed the books with an annual surplus of $3.9 billion, and when combined with its previous reserve balance, resulted in Indiana having over $6 billion in reserves. Governor Eric Holcomb called a legislative special session asking the General Assembly to return some of that surplus to Hoosiers.
How taxpayers receive their $125 and $200 refunds will depend on how they filed their 2021 individual income tax return with the department. If taxpayers listed direct deposit (checking or savings account) information on their 2021 Indiana income tax refund, they should have already received their $125 direct deposit.
If they have not received a direct deposit, they will receive a combined check from the Auditor of State for $325 (or $650 if filed jointly).