INDIANAPOLIS — State Auditor Tera Klutz, CPA, confirmed Wednesday that all 1.7 million Automatic Taxpayer Reimbursement (ATR) checks are being printed and the first batch of checks are expected to arrive in mailboxes. later this week.
How taxpayers will receive their $125 and $200 refunds will depend on how they filed their 2021 personal 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 direct deposit of $125, the $200 remaining being to come. If they did not receive direct deposit, they will receive a combined state auditor’s check for $325 (or $650 if deposited jointly).
- On June 30, 2021, when the state reserves exceeded 12.5% of the general fund appropriations of the state budget for the following year, an excess reserve transfer of $1.1 billion was automatically generated. The transfer was split equally between Indiana taxpayers and teachers’ pensions.
- To qualify for the $125 (or $250 if filing jointly), taxpayers would have had to file a 2020 Indiana personal income tax return postmarked January 3, 2022.
- In June 2022, the state closed the books with an annual surplus of $3.9 billion, and combined with its previous reserve balance, Indiana had more than $6 billion in reserves. Governor Eric Holcomb called a special legislative session asking the General Assembly to return some of that surplus to Hoosiers.
- On August 5, 2022, Governor Holcomb signed Senate Enrollment Act (SEA) 2 to provide a second ATR of $200 to anyone eligible for the first reimbursement of $125.