Inflation has driven the costs of everyday necessities higher and as a result, the State’s revenue from the collection of sales tax has also increased. Governor Hochul believes that money belongs to hardworking New York families and should be put back in their pockets as an inflation refund — and that’s why 8.2 million households statewide will receive a check this fall.
Starting today, New Yorkers can visit ny.gov/inflationrefund for more information on eligibility and other details.
Who’s Eligible for an Inflation Refund Check?
You are eligible for an inflation refund check if, for tax year 2023, you:
Filed Form IT-201, New York State Resident Income Tax Return;Reported income within the qualifying thresholds below; andWere not claimed as a dependent on another taxpayer’s return.
Joint tax filers with income up to $150,000 will receive a $400 check.
Joint tax filers with income over $150,000 but no greater than $300,000 will receive a $300 check.
Single tax filers with income up to $75,000 will receive a $200 check.
Single tax filers with incomes over $75,000 but no greater than $150,000 will receive a $150 check.
There are no age restrictions. Filers do not need to do anything to receive an inflation refund check. If you filed a tax return, are below the income thresholds, and no one else claimed you as a dependent, you will receive a check.
When Will Checks Be Delivered?
Checks will be mailed across the state starting in October, and deliveries will continue through November.
Your check may arrive earlier or later than your neighbors, as mailings will not be based on zip code or region.
Additional information from the New York State Tax Department can be seen at ny.gov/inflationrefund.