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New York to Mail $2 Billion in Inflation Refund Checks This Fall

Over 8.2 million residents will automatically receive tiered refunds of up to $400, funded by excess sales tax revenue, starting in October.

New York Governor Kathy Hochul, a Democrat, rides the subway on March 21, 2025 in New York City.
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Overview

  • The FY 2026 budget allocates $2 billion for inflation refund checks to over 8.2 million New Yorkers to address rising living costs.
  • Checks will be automatically mailed between October and November 2025, with no application required for eligible recipients.
  • Refund amounts are tiered based on income: single filers earning $75,000 or less will receive $200, while joint filers earning up to $150,000 will get $400.
  • Eligibility requires filing a 2023 New York State income tax return, meeting income thresholds, and not being claimed as a dependent.
  • The initiative is funded by increased sales tax revenue resulting from inflation and complements Gov. Hochul’s broader affordability measures, including tax cuts and expanded child benefits.