NYC Inflation Refund Checks: Up to $400 Coming Your Way!
New York State is sending out inflation refund checks to eligible residents, starting at the end of September. This one-time payment is designed to help offset the impact of rising prices.
Who Qualifies?
Eligibility is based on your 2023 tax return. The checks will automatically be mailed to those who qualify. Over 8 million New Yorkers are expected to receive these refunds, with a significant number in NYC, Long Island, and the Hudson Valley.
How Much Will You Get?
The amount you receive depends on your filing status and income:
| Filing Status | Income | Refund Amount | |---------------|------------------------|----------------| | Single | $75,000 or less | $200 | | Single | >$75,000, ≤$150,000 | $150 | | Joint | $150,000 or less | $400 | | Joint | >$150,000, ≤$300,000 | $300 |
This initiative is funded by the extra sales tax revenue generated by inflation.
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