Called an inflation refund check taxpayers who filed their paperwork in 2023 and meet a set of criteria as outlined by New York’s Department of Taxation and Finance will receive said checks in the next several weeks. We’ve gathered all people need to know.
The Lowdown
According to the Department of Taxation and Finance, some 8 million people will receive ‘inflation refund’ checks in the coming weeks. The Department announced that the checks will be mailed at the end of September ‘over a multiple week’ timespan. If you are eligible (see below) it will automatically be sent out no further action is required.
Per the Department, married folks who file together and make up to $150k will get a $400 refund check. Those making $300,000 or less will receive $300. Single folks making $75k or less will get a $200 check, while those making $150,000 will receive $150. Those who filed in 2023 and met the following requirements will be eligible automatically:
- Full year resident during 2023 tax year.
- Filed a full income tax return that year.
- Cannot be claimed as a dependent by someone else.
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