Indiana’s ‘automatic taxpayer refund’ checks to start hitting bank accounts – NBC Chicago

Indiana officials say one-time payments to eligible taxpayers should begin hitting bank accounts this month, with checks being sent later this summer to other residents.

Under the provisions of the Excess State Reserves Use Act, all Indiana taxpayers eligible for the program will receive a one-time refund of $125 in the weeks and months ahead.

The payment will be issued separately from tax refunds, officials said. Lawmakers credit the state’s “competitive fiscal environment” for the one-time payments.

According to the state’s website, all Indiana residents who filed a state tax return for the 2020 tax year postmarked on or before January 3, 2022 are eligible for payments. This includes residents who filed their taxes using Form IT-40, Form IT-40PNR, or Form SC-70.

Residents who have their direct deposit information on file with the state could see their payments arrive as early as this week, and payments will continue through the summer.

For residents whose information is not on file, checks should be mailed later this summer. These people will receive the checks:

-Those who requested an extension of their taxes on their 2021 tax returns

-Residents who have included direct deposit information for an account associated with repayment advance loans

-Residents whose automatic taxpayer refund could not be deposited directly into a bank account.

Residents should allow until September 1 to receive their payments. Additional tips and more information can be found on the state’s website.

NBC Chicago

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