State auditor confirms check printing is underway for the Automatic Tax Refund
Indianan State Auditor Tera Klutz, CPA confirmed the 1.7 million automatic taxpayer refund (ATR) checks are printing and the first group of checks should reach mailboxes later this week. On June 30, 2021, when state reserves exceeded 12.5% of state budget general fund appropriations for the following year, an $1.1 billion excess reserve transfer was automatically generated. The transfer was divided equally amongst Indiana taxpayers ($125 each) and teacher pensions. To qualify for the $125 (or $250 if filed jointly), taxpayers would have had to file an Indiana individual income tax return for 2020 with a postmark date of Jan.
