Web19 jan. 2024 · Indiana residents will get an automatic $125 payment after they file their tax returns this year Credit: Getty. State law requires officials to hand taxpayers a refund if reserves, excluding education, total more than 12.5 percent of the available funding pot. The state has around $4billion in reserves - equating to 23 percent of its general fund. Web12 jul. 2024 · What is the Automatic Taxpayer Refund? Under Indiana state law, any excess funds from the state budget will be given back to residents in the form of a refundable tax credit. This year, the state is returning nearly $545 million. Individual taxpayers are due $125, while married couples who filed jointly will get a $250 payment.
Where can I get information about the $125 Automatic Taxpayer …
Web16 dec. 2024 · Indiana taxpayers will get a $125 refund after they pay their 2024 state income taxes, the governor’s office announced Wednesday afternoon. The size of the state surplus has triggered Indiana’s automatic tax-refund law, with an estimated $545 million being divided evenly among taxpayers. Web19 aug. 2024 · That refund is in addition to the $125 refund taxpayers received upon filing their 2024 taxes from higher than expected revenues last fiscal year. For those who have yet to receive a $125... stringy mycelium
Automatic Tax Refunds: $125 payments could start before summer
Web5 mei 2024 · Any taxpayer who filed their 2024 taxes prior to January 3, 2024 qualifies for the cash. Approximately 4.3million Hoosiers will receive the $125 payment, about 85% of … Web13 jul. 2024 · If you haven't received your $125 one-time automatic taxpayer refund payment from the state yet, you aren't alone. Indiana taxpayers are supposed to receive … Web5 mei 2024 · Published: May. 5, 2024 at 12:34 PM PDT. (WNDU) - Hoosiers should be receiving a $125 dollar automatic taxpayer refund! Last month, Governor Holcomb … stringy newborn poop breastfed