Millions of people will see a surprise refund of $ 125 for the first time in almost a decade, is it yours?


Residents of Indiana will see an additional $ 125 when they file their taxes in 2022.

Indiana law requires the state to reimburse resident taxpayers if reserves exceed 12.5% ​​of the general funding pot.

This excludes the funding of education.

Indiana recently reported that there was $ 4 billion in reserves, or 23% of the general fund.

Related: Apps Open Saturday For $ 500 Stimulus Check, Make Sure To Schedule Your Date

The amount of reimbursements for residents was announced at $ 545.3 million in July. It was still unknown how much residents would receive.

Now it has been announced that it will be $ 125.

Indiana Governor Eric Holcomb said the year ended with an unprecedented amount of reserves.

Holcomb said it was important to return that money to taxpayers and that they plan to work with 910,000 residents who are low-income and who pay taxes but don’t file returns.

Checks will be sent based on how you decide to get your refund for 2021.

Related: These 7 States Still Offer Stimulus Check Payments, Is It Yours?

The last time residents saw this refund was in 2013.

California residents could see similar checks next year since the state currently has a $ 31 billion surplus.

The state will allocate these funds to places that benefit taxpayers, and another stimulus package could be one way.

At this time, Golden State Stimulus II checks are still outstanding.

Related: The Deadline For A $ 1,400 Stimulus Plus Down Payment Is In Just Two Weeks, Are You Eligible?

These checks are worth $ 600 to $ 1,100 and residents are expected to receive checks in the mail no later than January 21, 2022.

Residents of Maine who earn less than $ 75,000 expect stimulus checks worth $ 285.

St. Louis has also just opened applications to eligible residents for stimulus checks valued at $ 500 per household.

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