
New York Inflation Rebate Check: How Much Money You’ll Receive
New York is sending out millions of inflation rebate checks—here’s how much cash could be coming your way and what you need to know before it arrives.
It's official! Millions of New Yorkers are set to receive their first-ever inflation rebate check.
Inflation Rebate Checks Are Coming In New York
Over the weekend, New York Gov. Kathy Hochul officially signed new legislation as part of the latest state budget that Hochul says will "put money back in the pockets of millions of New Yorkers."
“The cost of living is still too damn high, so I promised to put more money in your pockets — and we got it done,” Hochul stated. “Putting money back in the pockets of millions of families means helping New Yorkers afford the rising costs of groceries, raising kids, and just enjoying life.
New York State Saving Families $5,000
The inflation rebate check is part of how New York State leaders believe they are saving many families up to $5,000.
How New York State Is Saving Families $5,000
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New York Sending Out $2 Billion To Residents
According to Hochul's office, these "inflation rebate" checks are coming because New York has earned a lot of money from sales tax.
She says now is the time to give some of that money back.
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$2 billion is being split up among 8 million taxpayers in New York.
How Much Money New Yorkers Can Expect In Their Inflation Rebate Check
There's no need to sign up. If you paid your taxes and fit under these guidelines, this is how much money you can expect.
- If you’re married and make up to $150,000, you’ll get $400.
- Couples making between $150,000 and $300,000 will see $300.
- Single filers earning up to $75,000 can expect $200,
- Single taxpayers making up to $150,000 will get $150.
If you qualify, expect a check soon.
"When I said your family is my fight, I mean it — and I’ll never stop fighting for you," Hochul added.
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