Good morning. It’s Wednesday. Today we’ll find out about the inflation refund checks that New York State is mailing some taxpayers. We’ll also find out what subway and bus riders will be paying starting in January.
If you’re one of roughly 800,000 people across New York State, a check for as much as $400 may have landed in your mailbox in the last few days. Or one may arrive in a day or so.
If not, your name could be on one of some 7.4 million checks that haven’t gone out yet. The state’s Department of Taxation and Finance in Albany says the post office there can handle only 200,000 checks a day. The first batch went out last Thursday. The last won’t be mailed until mid-November.
The state calls them “inflation refund checks.” They are a product of the budget deal that Gov. Kathy Hochul and leaders of the Assembly and the State Senate agreed to in the spring. They’re aimed at middle-class taxpayers, to compensate for higher prices since the pandemic.
The checks vary by income level. Here’s who will get what:
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For single taxpayers, $200 if they made $75,000 or less in 2023, and $150 if they made $75,000 to $150,000.
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For married couples who filed jointly, $400 if they made $150,000 or less in 2023, and $300 if they made $150,000 to $300,000.
Married taxpayers who file separately will receive the same income-dependent refunds as single taxpayers. The Department of Taxation and Finance will decide what to send based on the income you claimed on your resident income tax return.
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The post For New York Taxpayers, the Check’s in the Mail appeared first on New York Times.
