Most Hoosiers will be getting an additional tax return this summer of $125. How do you plan to spend your extra money?
Nearly all Indiana taxpayers will receive a one-time $125 automatic taxpayer refund after the state finished its fiscal year with a surplus. This means $545 million to be sent to Indiana residents as a refundable tax credit.
If a Hoosier does not meet the requirements for direct deposit, filed an extension for their 2021 tax return, included direct deposit information for an account associated with refund advance loans or the refund could not otherwise be deposited directing into their bank account, they will receive a physical check in the mail.The Department of Revenue said no additional action is required for Hoosiers to get their money.
Hoosiers may not receive their money because it is being withheld for multiple reasons. These reasons include offsetting unpaid state or federal tax liabilities and liabilities to other state agencies,
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