ALBANY, N.Y. (NEXSTAR) — The state will mail inflation refund checks to over 8 million people starting in October. The one-time payments are supposed to blunt the effects of the affordability crisis by returning a portion of inflated sales taxes already paid by New Yorkers.
According to the Department of Taxation and Finance, payments will go to New Yorkers who qualify automatically, so there’s no need to apply. They’ll use information from filed tax returns to determine eligibility and mailing addresses.
Checks will be mailed out over several weeks starting in the middle of October, which the Tax Department blamed on the sheer volume. Those mailings won’t be following any specific schedule based on zip code or region. And even if your previous tax refunds were direct deposited, these refunds will be physical checks coming from the Tax Department of Inflation Payment, like in the image below:
To qualify for the refund, New Yorkers must have filed a 2023 Form IT-201 resident income tax return and not been claimed as a dependent on another taxpayer’s return for that year. Part-year residents in 2023 receive no check…