Personal Finance

New Yorkers Will Be Getting Inflation Refund Checks: See How Much You'll Get

The checks are expected to be mailed out to residents will be not electronically deposited to individuals' bank accounts.

NEW YORK STATE — New Yorkers could be getting an inflation refund checks starting at the end of the month.

According to the state’s Department of Taxation and Finance, the state will issue checks to 8 million residents.

New York residents are eligible to get a check if they have filed their taxes for the 2023 tax year, were not claimed as a dependent on someone else’s tax returns and earn less than $150,000 or $300,000 for married couples.

Find out what's happening in New York Cityfor free with the latest updates from Patch.

The one-time checks will range from $150 to $400 — the amount will vary depending on the person's filing status and your adjusted gross income for the 2023 tax year.

The checks are expected to be mailed out to residents will be not electronically deposited to individuals' bank accounts, officials said.

Find out what's happening in New York Cityfor free with the latest updates from Patch.

"We cannot provide a specific delivery schedule, and our contact center representatives will not have additional information on the status of your check," the state Department of Taxation and Finance told CNBC.

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