Millions of Americans Set to Receive ‘Inflation Refund’ Checks After Prices Surge – Here’s Who’s Eligible
The State of New York will be issuing its first-ever inflation refund checks to residents to address an intensifying cost-of-living crisis.
In an announcement, the official website for the State of New York says it is handing out one-time payments to provide relief to New Yorkers who have paid increased sales taxes due to inflation.
Any New Yorker is eligible as long as, in the tax year of 2023, they filed New York State Resident income tax returns, were not claimed as a dependent on another taxpayer’s return, and reported income within the qualifying income thresholds.
The amount refunded depends on income and filing status for the 2023 tax year, ranging from $150 to $400.
New York residents should watch for letters that look like the ones below to receive their checks.
Source: State of New York
Says the announcement,
“We will begin mailing refund checks to eligible taxpayers at the end of September 2025. Over 8 million New Yorkers will receive refunds, and this large volume of checks will be mailed over a multiple week period. You may receive your check sooner or later than your neighbors, as mailings are not based on zip code or region. We cannot provide a specific delivery schedule, and our Contact Center representatives will not have additional information on the status of your check.”
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The post Millions of Americans Set to Receive ‘Inflation Refund’ Checks After Prices Surge – Here’s Who’s Eligible appeared first on The Daily Hodl.
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