What to Know About Inflation Refund Checks
New York issues $150 to $400 inflation rebate checks to over 8.2 million taxpayers after a $3 billion surplus boosted by inflation-driven revenue.
- On Friday, New York State Gov. Kathy Hochul announced checks are being sent to more than 8.2 million households as part of the 2025-2026 budget, with payments from $150 to $400 for taxpayers who filed state taxes in 2023.
- Because the state posted a $3 billion surplus, Gov. Kathy Hochul said the surplus and inflation-driven revenue prompted payments to help New Yorkers cope with inflation.
- Eligible residents who filed 2023 returns, meet income thresholds and were not claimed as dependents will receive payments automatically; mailings started Friday with deliveries continuing through October and November.
- Officials warned that scammers using texts, phone calls, emails and direct mail seek bank details, and the New York State Tax Department and IRS say they will not request personal information.
- Officials from both parties criticized the handout plan, with Democratic State Senator James Skoufis saying `New Yorkers know a gimmick when they see one,` while Republican State Assemblyman Ed Ra called it a `one-shot initiative.
13 Articles
13 Articles
New York $400 stimulus payment: When can you expect your inflation refund in October 2025?
The state of New York has launched a significant initiative to ease the economic burden on its residents, announcing the sending of inflation rebate checks that could reach up to $
By CNN Español New Yorkers will begin receiving the first inflation rebate checks in state history, the New York Department of Taxation and Finance confirmed. This is a one-time payment included in the 2025-2026 state budget to alleviate the impact of rising sales taxes. According to the Department of Taxation and Finance, taxpayers are eligible for this benefit if they: — Filed a resident income tax return (Form IT-201) for tax year 2023. — Rep…
Don't fall for it: Scammers targeting New Yorkers with inflation refund check misinformation
New Yorkers have begun receiving their inflation refund checks, but officials have warned of scams asking for personal information.The governor’s office alerted residents about false information being spread through texts, phone calls, emails, and letters.According to the governor, these messages falsely claim that New Yorkers must submit accurate payment information in order to receive an inflation refund […]
NYS issues warning on inflation refund check scams
ALBANY, N.Y. (NEWS10) -- New York Gov. Kathy Hochul said scammers are sending text messages, voice messages, emails and direct mail to spread false information about the state's inflation refund checks. The scam claims New Yorkers must submit payment information to receive the money. They may ask you to submit bank account information or personal documents. New Yorkers are urged to be vigilant and report scams to the New York State tax departmen…
What to know about inflation refund checks
SYRACUSE, N.Y. (WSYR) -- New York State started sending out inflation refund checks on Friday, Sept. 26, for the first time. Eligible taxpayers could see up to $400 in the mail. But you may be wondering if you will need to add the refund monetary amount to your taxes next year. "New York State has officially stated that these inflation refund checks are not considered taxable income… and do not have to be reported," said John Marshall, a tax exp…
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