Indiana law requires that when the state treasury has an excess balance (excess is determined by law), then the State is mandated to return a portion of the excess to the taxpayers. It has been the better part of 20 years since that last happened. But, it will again in 2022, about 125.00 per qualified taxpayer, and the refund is claimed as part of the 2021 Indiana tax return filing.
As of the date of this post, the rules and procedures have not been finalized; however, they are expected shortly. We will automatically apply for the refund for all qualified clients with the 2021 Indiana tax return.