| More Hoosiers Will Qualify For $125 Taxpayer Refund | |||||||
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An estimated 4.3 million Hoosiers can expect a $125 automatic taxpayer refund this spring after the state’s revenue collections outpaced expectations last year.
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A new law I supported expanded the list of who qualifies for this refund to include those who did not earn enough money to file a state return. These additional 900,000 Hoosiers should receive a refund because they still pay state sales taxes, which are deposited into the state’s general fund, and, in the case of retirees, may have paid income taxes throughout their working years. In total, $545 million will be returned to Hoosier taxpayers and another $545 million will go toward teacher pension obligations. Depending on how state tax returns are filed, refund payments could be made by direct deposit or by mailed checks. The Indiana Department of Revenue expects to have refunds processed by May 1 for Hoosiers who complete their taxes by the April 18 deadline.
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Hoosiers work hard and it’s important to return money back to taxpayers, where it belongs
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