Starting in October 2025, millions of New Yorkers will receive a one-time payment of up to $400 to help with the rising cost of living. These payments are part of a $2 billion relief package designed to ease the impact of inflation on taxpayers.
How Much Will You Get?
The payments will vary based on income and tax filings, and they will be sent over several weeks. Here’s how the payments break down:
Single taxpayers earning up to $75,000 will receive $200.
Single taxpayers earning between $75,000 and $150,000 will get $150.
Joint filers earning up to $150,000 will receive $400.
Joint filers earning between $150,000 and $300,000 will get $300.
Around 8.2 million people will benefit from this program.
What Do You Need to Do to Receive the Payment?
You don’t need to take any action to receive your payment. If you’ve filed your taxes and meet the eligibility requirements, the state will send the payment directly based on your tax records.
Eligibility Requirements
To be eligible for the payment, you must:
- Have filed your taxes.
- Not be claimed as a dependent.
- Earn below $150,000 (for single filers) or $300,000 (for joint filers).
Background of the Payments
The inflation refund checks were proposed by New York Governor Kathy Hochul to help residents struggling with high living costs. However, the plan has been met with some controversy. Some lawmakers argue that these payments don’t address the underlying issues of inflation and the cost of living.
Other States Sending Rebate Checks
New York isn’t the only state offering relief. In Georgia, taxpayers could also receive a one-time check worth up to $500.
