Inflation Relief On Way To Hoosier Taxpayers

STATEHOUSE (Aug. 23, 2022) – Hoosiers should be on the lookout for an additional automatic taxpayer refund thanks to a new law supported by State Reps. Wendy McNamara (R-Evansville) and Tim O’Brien (R-Evansville).

Individual filers will receive $200, or $400 for a married couple filing jointly. O’Brien said unlike Washington, D.C., Indiana is responsibly using the state’s surplus, which experienced higher-than-anticipated revenue collections, to return $1 billion to taxpayers.

“Hardworking Hoosiers are feeling the weight of record inflation,” O’Brien said. “Not only will this money provide some relief from rising costs, but returning it to taxpayers where it belongs is also the right thing to do. Indiana residents earned this money and it’s only fair to return it to them.”

According to the Indiana Department of Revenue, direct deposits along with mailed checks will be sent out to Hoosiers starting mid-August. The Indiana auditor’s office can print 50,000 checks per day and is aiming to have all checks printed by early October. Hoosiers should allow until Nov. 1, 2022, to receive their refund.

“Whether it’s buying school supplies or paying your electric bill, every little bit helps,” McNamara said. “We are also working on other opportunities to provide additional relief to Hoosiers as we head into the next legislative session in January.”

McNamara said the $200 automatic taxpayer refund is separate from the $125 refund issued earlier this year. The state will issue a combined check for both refunds to taxpayers who were eligible for and have not yet received the initial $125 refund by direct deposit. Hoosiers on Social Security who did not qualify for the $125 taxpayer refund because they did not have to file a state tax return can still qualify for the $200 refund, if they file their tax return in the calendar year 2023.

For more information on the automatic taxpayer refund, visit in.gov/dor and scroll down to click on “Automatic Taxpayer Refunds.” To learn more about Senate Enrolled Act 2 (ss), click here.