New York Sends Inflation Refunds to 8.2M Households

New York has begun mailing its first-ever one-time inflation refund checks to roughly 8.2 million households, with batches sent through October and November and no action required from eligible taxpayers. Payments range from $150 to $400 based on 2023 state tax filings: joint filers earning up to $150,000 receive $400 (joint filers up to $300,000 receive $300), and single filers earning up to $75,000 receive $200 (singles up to $150,000 receive $150); recipients cannot have been claimed as dependents. The refunds are funded from excess sales tax revenue, will cost about $2 billion, and are being mailed by the State Tax Department using 2023 Form IT-201 data. Some progressive Democrats and fiscal experts have criticized the plan as fiscally risky given projected deficits and rising state spending. Residents who have moved are advised to update their address with the Tax Department’s online services so checks reach them.