Inflation Refund Checks from New York
A provision in the recently-enacted New York State budget for the 2025 to 2026 fiscal year provides that the state will be sending one-time inflation refund checks to certain individual taxpayers. To be eligible for a check, the taxpayer must have filed a resident income tax return (Form IT-201) for the 2023 tax year, and must have been a full-year resident during 2023. In addition, the taxpay...