$200 Automatic Taxpayer Refunds are On the Way
Indiana Department Of Revenue [DOR] issued the first and largest round of one-time $125 Automatic Taxpayer Refund direct deposits in May and issued the third round of direct deposits on July 1. Whenever possible, DOR issued a combined payment of $250 to taxpayers when both spouses were eligible for the refund and filed a joint tax return.
If you received your $125 Automatic Taxpayer Refund [ATR] by direct deposit, you should receive another direct deposit for $200 ($400 if married filing jointly). Direct deposits could arrive as early as Aug. 19. Most ATR direct deposits are scheduled to arrive in Hoosier’s bank accounts on or around Aug. 24. If your additional Automatic Taxpayer Refund direct deposit does not go through for any reason, you will receive a refund check from the Auditor of State’s Office.
Eligible taxpayers who did not receive the first Automatic Taxpayer Refund by direct deposit and were eligible will receive one refund check for both Automatic Taxpayer Refunds from the Auditor of State’s Office. Payments will begin in mid-August and will continue until mid-October. Please DO NOT contact the Indiana DOR regarding the refund until after Nov. 1.
Indiana DOR will continue to issue ATRs by direct deposit whenever possible as individual tax returns are received and processed. Indiana DOR is unable to update banking information for taxpayers who changed bank accounts between refund tax periods.
Am I eligible?
You are eligible for the initial $125 Automatic Taxpayer Refund if you filed an Indiana resident tax return for the 2020 tax year with a postmark date of Jan. 3, 2022, or earlier. An Indiana resident tax return means you filed your state taxes using one of the following:
• Form IT-40: Indiana Full-Year Resident Individual Income Tax Return
• Form IT-40PNR: Indiana Part-Year or Full-Year Nonresident Individual Income Tax Return, if you were married and filed jointly and you were an Indiana resident for the entire year (2020)
• Form SC-40: Unified Tax Credit for the Elderly and you resided in Indiana for more than six months in 2020
The law does not make allowances for those who did not file a qualifying tax return. If you were eligible for the initial $125 Automatic Taxpayer Refund, then you qualify for the $200 additional Automatic Taxpayer Refund.
How will I receive my Automatic Taxpayer Refund?
How you receive your Automatic Taxpayer Refunds depends on the information in your 2021 Indiana Individual Income Tax return. Your Automatic Taxpayer Refunds are separate from other payments or refunds you may receive from the state.
The Auditor of State's Office began printing Automatic Taxpayer Refund checks on Aug. 15, 2022 With roughly 50,000 checks printed each day, they anticipate mailing all 1.7 million refund checks by early October. The Auditor of State’s Office will issue a combined check for both Automatic Taxpayer Refunds if you were eligible for and have not yet received the initial $125 refund by direct deposit. You should allow until Nov. 1 to receive your Automatic Taxpayer Refund. Please DO NOT contact the Indiana DOR regarding the refund until after Nov. 1.
Source Indiana Department of Revenue.
Indiana Initial Round of Automatic Taxpayer Refunds
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.
Am I eligible?
You will receive an Automatic Taxpayer Refund if you filed an Indiana resident tax return for the 2020 tax year with a postmark date of Jan. 3, 2022, or earlier. An Indiana resident tax return means you filed your state taxes using one of the following:
• Form IT-40, Indiana Full-Year Resident Individual Income Tax Return.
• Form IT-40PNR, Indiana Part-Year or Full-Year Nonresident Individual Income Tax Return, if you were married and filed jointly AND you were an Indiana resident for the entire year (2020).
• Form SC-40, Unified Tax Credit for the Elderly AND you resided in Indiana for more than six months in 2020.
How will I receive my Automatic Taxpayer Refund?
How you receive your Automatic Taxpayer Refund depends on the 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.
You should receive your Automatic Taxpayer Refund by direct deposit if:
• You filed an Indiana resident tax return for 2020 before Jan. 3, 2022; and
• Filed a 2021 Indiana resident tax return by April 18, 2022; and
• Listed direct deposit checking or savings account information for your 2021 Indiana Income Tax refund.
One-time direct deposits of $125 will arrive in bank accounts beginning in May and continue through mid-summer.
Whenever possible, one refund of $250 will be issued by direct deposit or check for married couples filing jointly when both spouses are eligible for the Automatic Taxpayer Refund.
You should allow until Sept. 1 to receive your Automatic Taxpayer Refund. Independent Federal Credit Union does not have any way to determine when the deposits are scheduled or who is qualified to receive the deposits or checks. To learn more visit the Indiana Department of Revenue site by clicking below.