Tax Talk Thursdays: Understanding New York State’s 2025 Inflation Refund Checks

In response to rising living costs, New York State is issuing one-time inflation refund checks to eligible residents. These payments are designed to provide financial relief to those who have been affected by increased sales taxes due to inflation.

Eligibility Criteria

To qualify for the inflation refund check, you must meet the following conditions:

• Filing Status and Income: Your 2023 New York State adjusted gross income (AGI) must fall within the specified thresholds based on your filing status.

  
  

• Tax Return: You must have filed a 2023 New York State Resident Income Tax Return (Form IT-201).

  
  

• Dependency: You should not have been claimed as a dependent on another taxpayer’s return.

  
  

Refund Amounts

The amount of your refund check depends on your filing status and 2023 AGI

·       Single Filers:

• AGI $75,000 or less: $200

  
  

• AGI between $75,000.01 and $150,000: $150

  
  

• Married Filing Jointly:

  
  

  • AGI $150,000 or less: $400

    
    

  • AGI between $150,000.01 and $300,000: $300

    
    

• Married Filing Separately, Head of Household, or Qualified Surviving Spouse:

  
  

  • AGI $75,000 or less: $200

    
    

  • AGI between $75,000.01 and $150,000: $150

    
    

Distribution Timeline

The New York State Department of Taxation and Finance will begin mailing refund checks to eligible taxpayers in mid-October 2025. Given the large volume of checks, mailings will occur over several weeks. Your check may arrive earlier or later than others, as mailings are not based on zip code or region. Please note that the department cannot provide a specific delivery schedule.

If you meet the eligibility criteria, you do not need to apply for the inflation refund check. The Department will automatically send you a check. Ensure that your address is up to date with the Department to receive your check without delays. If you have moved since filing your 2024 tax return, you can update your address using your Individual Online Services Account.

The 2025 inflation refund checks aim to provide financial relief to New York residents impacted by inflation. By understanding the eligibility criteria and refund amounts, you can anticipate the support available to you. Remember, no application is necessary—just ensure your address is current. If you need help with filing your income taxes, you can reach out to us at info@mkhstaxgroup.com.