Indiana is returning $545 million after a surplus end to the fiscal year.

That excess money will be turned into refundable tax credit.

Residents who have filed certain Indiana tax returns for the 2020 tax year on Jan 3rd or earlier will receive $125 or $250 for joint-filing couples starting in May all the way until Sept. 1.

This will come separately from the normal tax return for your 2021 tax season, and no additional actions are required.