Personal Finance

NY Begins Sending Out Inflation Refund Checks: Here's When You'll Get It

The checks will be up to $400, depending on eligibility, and cost the state $2 billion.

NEW YORK CITY — New Yorkers will soon be getting their hands on the long-awaited state inflation refund check.

Gov. Kathy Hochul on Friday announced that the checks will be mailed to residents throughout October and November.

“Starting today, we’re sending inflation refund checks to over 8 million New Yorkers because it’s simple — this is your money, and we’re putting it back in your pockets,” Hochul said.

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

The checks will be up to $400, depending on eligibility, and cost the state $2 billion.

People who were New York residents and filed a state income tax return in 2023 are eligible, depending on how much they made that year. People who were claimed as dependents for that year aren't eligible, officials said.

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

Here's what else you need to know:

Individuals who made a state-adjusted gross income of $75,000 or less would be eligible for a $200 check, and individuals with a state-adjusted gross income of up to $150,000 would be eligible for a $150 check.

Joint filers with a state-adjusted gross income of $150,000 or less will get $400, and joint filers with a state-adjusted gross income of between $150,000 and $300,000 would be eligible for $300.

To find how much your state-adjusted gross income is, look for line 33 on your main Resident Income Tax Return.

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