The amount your will receive from a 2nd Stimulus Check begins to decrease for individuals and married couples at a rate of $5 for every $100 in income over the threshold until being phased out entirely at $87,000 for individuals, $124,500 for heads of household, and $174,000 for married couples filing jointly.ĭependent children aged 16 and under qualify for an additional $600 per child. Individuals earning up to $75,000, heads of household earning up to $112,500, and married couples earning up to $150,000 per year qualify for the entire stimulus check amount, which is $600 for individuals and $1,200 for married couples filing jointly. The process is supposed to be completed by early October, Auditor Tera Klutz told FOX 59.Well over 150 million Americans received a first Stimulus Check to help them cope with the economic fallout from the ongoing economic crisis, but with unemployment still at historic levels and millions of Americans, a 2nd Stimulus Check became a top priority.Īfter months of on-again, off-again negotiations, top Congressional leaders in the House and Senate agreed on a compromise deal that will give the vast majority of Americans a second stimulus check of roughly $600 with an additional $600 for qualified dependents aged 16 and under. Indiana prints 50,000 checks a day, but it needs to send the checks to about 1.7 million people. Those who do not receive any check despite qualifying should contact the state's revenue department after Nov. Those who filed jointly but did not receive the $125 refund can expect a check of $650, according to the department. Those who have not received the first check can expect the refund to roll into the same check as the additional refund, meaning the checks would equal a total of $325. Paper checks of the $125 refund were expected to roll out in July, yet a paper shortage prevented their release. The initial refund came from a separate Automatic Taxpayer Refund that was triggered after the state's surplus exceeded expectations.ĬLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER Those who received the state's initial $125 refund through direct deposit can expect the $200 additional inflation relief refund to also deposit into their accounts. Those who qualify must have received benefits from Social Security for 2022 and 'not be claimed as a dependent on a 2022 Indiana income tax return' in order to get the $200 credit, the department said. 'We expect most ATR direct deposits to arrive in Hoosier’s bank accounts on or around Aug.

Some banks are slower to accept outside ACH deposits than others,' a Department of Revenue spokesperson told WRTV. 'There are several factors that affect the time it takes for this process that are outside DOR’s control. The Indiana Department of Revenue expected most, or even all, of the automatic payments to reach people on Wednesday and provided information for 1.5 million taxpayers to the state's banking system on Tuesday, thus starting the process.ĭEADLINE TO APPLY FOR $500 MONTHLY DIRECT CHECK PAYMENTS IN JUST SEVEN DAYS Lawmakers approved the refunds during a special session earlier this month after the refund was proposed by Gov. Indiana taxpayers are already receiving $200 in their bank accounts from a tax refund check, days before the checks were expected to be disbursed.

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