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What will be the final amount of 'Inflation Refund' checks approved by NY Legislature by March 31, 2025?
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Resolution / Starting Odds
$500 for joint filers, $300 for individual filers • 25%
Different amount for joint and individual filers • 25%
Same amount for all filers • 25%
No refund approved • 25%
Official announcements from the New York State Legislature or Governor's Office
Story
Hochul Proposes $500 'Inflation Refund' Checks for 8.6M New Yorkers, Awaiting Legislative Approval
Dec 9, 2024, 03:36 PM
New York Governor Kathy Hochul has proposed an 'Inflation Refund' initiative, aiming to provide financial relief to New Yorkers due to rising costs in various sectors like student loans, childcare, groceries, and rent. Under this plan, joint filers earning less than $300,000 annually would receive a $500 check, while individual filers making less than $150,000 would get a $300 check. This proposal, which requires legislative approval, is intended to benefit approximately 8.6 million New Yorkers. Hochul announced this as her first State of the State proposal in Co-op City, calling it New York's first ever inflation rebate.
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