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Here's When To Expect NY's 'Inflation Refund' Checks

  • Governor Kathy Hochul is sending $2 billion in inflation refund checks to 8.2 million New Yorkers this fall to offset the high cost of living.
  • The refunds respond to higher sales tax revenue collected due to increased prices and inflation experienced by New Yorkers from 2021 to 2025.
  • Eligible recipients include taxpayers who filed a 2023 New York State income tax return, with checks ranging from $150 to $400 based on income and filing status.
  • Laura Schultz, state Chief of Economics, announced that $2 billion will be returned to 8.2 million residents of New York in the form of inflation refund payments, which will be phased in through two separate distributions.
  • This refund is part of a broader $4 billion affordability plan that includes expanded child tax credits and free school meals, aiming to ease financial pressure on New York families.
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Spectrum Local News broke the news in United States on Tuesday, May 13, 2025.
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