Indiana residents could soon receive tax rebates totaling up to $325 for individual filers and $650 for joint filers.
Back in August, the Indiana state legislature passed an additional rebate of $200 for individual applicants and $400 for those who filed jointly. That came on top of the $125 and $250 rebates for single and joint filers, respectively, that were slated to take place under the state’s automatic taxpayer refund system for 2020 tax filers.
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Many residents in the state may have already received their initial rebate of $125 and $250, as well as the second one, via direct deposit. However, there have been some people who have been afflicted by delays due to supply chain woes.
To qualify for the additional $200 or $400 payment, residents must have also qualified for the initial rebate. In other words, they must have received Social Security benefits in 2022 and must not be registered as a dependent on a 2022 income tax return for Indiana.
Those who were eligible for the initial payment, but did not yet receive one, will also qualify, according to the Indiana Department of Revenue. As with the first round, eligible residents can receive payments via direct deposit or checks in the mail.
Gov. Eric Holcomb signed a bill authorizing the additional $200 automatic taxpayer refund on Aug. 5. The provision also transferred roughly $1 million in reserves to the pension stabilization fund.
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Over 1.5 million of the first round automatic refunds were told out to 2.1 million taxpayers worth over $254 million by Aug. 3, according to the state’s department of revenue. By Aug. 16, almost 1.5 million direct deposit refunds for the additional rebate had been doled out, totaling over $403 million.
Additional information about the rebate can be found on the Indiana Department of Revenue’s website.
