Could You Be Eligible for Up to $400 From New York’s Inflation Refund? Here’s How to Check

Hey If you live in New York and did your state taxes last year you might ve heard about this thing called the New York Inflation Refund It s basically a little financial boost from the state to help out with all the price hikes we ve been feeling everywhere gas groceries rent you name it Wondering how much you might get Or if you even qualify Let me break it down in simple terms Why Is New York Giving This Money Inflation s been rough on just about everyone lately Prices have gone up on so various things and it s been tough for wallets So New York decided to chip in and send certain money back to people who really need it It s a one-time thing meant to help out So How Much Can You Expect How much you get depends on two things how much money you made last year and how you filed your taxes Here s a quick cheat sheet If you re single and made or less you ll get If you re single and made between and you ll get If you re married and filed together and made or less you ll get Married filing jointly with income between and gets Head of household folks making or less get and if you make a bit more up to it s If you made more than those amounts sorry you won t get the refund Who Really Qualifies You ll get the payment if You lived in New York all of You filed your New York state taxes for by April Your income falls in those ranges above You aren t claimed as a dependent on someone else s tax return Do You Have to Do Anything Nope The state is doing all the work for you If you re eligible and filed your taxes they ll send you the money automatically No forms to fill out no applications to submit When Will You See This Money They ll start mailing checks around mid-October It might take a inadequate weeks to get to everyone so don t panic if yours doesn t show up right away If you gave your bank info when you filed your taxes the money might hit your account even sooner no waiting for the mail Moved Lately or Didn t Get Your Check Make sure your address is up to date with the tax department otherwise your check might get lost in the mail If you re wondering if your refund is on the way you can Log in to your New York tax account online to check the status Call the tax department and ask what s up A Couple More Things This money won t be taken to pay off any debts you might owe It won t affect other benefits you get It s just a little boost to help with the rising cost of living If you filed your taxes and qualified keep an eye out in October for your check or bank deposit It s a nice little break from the rising costs we ve all been dealing with If you haven t filed your taxes for yet this is a good reminder to get it done so you don t miss out