indiana state surplus

bbayne2018 · ‎February 1, 2022

This year, indiana state has a surplus. We are supposed to get like $125.00. I do not see it on my tax form or is it included in the calculation of what I owe. In the past, you could see the amount on the IT-40 form. I see nothing. I was wondering. The publication has nothing on it either.

Cynthiad66 · ‎February 1, 2022

Research indicates the surplus will not be a part of your Indiana tax refund. The state will return $125 to each Indiana taxpayer after they file their taxes in 2022 due to higher than expected state revenue numbers during the 2021 fiscal year.

So this appears to be a separate distribution from the state.

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