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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.
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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…

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wshu.org broke the news in on Monday, September 29, 2025.
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