2025 NYS Inflation Tax Refund: What New York Residents Need to Know

Are you a New York resident wondering if you qualify for the upcoming 2025 inflation refund? As part of the New York State fiscal year 2026 budget, over 8 million taxpayers could receive a direct payment aimed at offsetting the impact of inflation. Here’s what you need to know to claim your refund and how to make sure it doesn’t get lost in the mail.

Who Qualifies for the NYS Inflation Refund?

To be eligible for the 2025 New York State inflation tax refund, you must meet all of the following criteria:

• Full-Year Residency: You were a full-year NYS resident in 2023.

• Filed 2023 Taxes: You submitted a 2023 NYS resident income tax return (Form IT-201).

• Income Requirements:

  • Single Filers:

    • Up to $75,000 AGI: $200 refund

    • $75,000.01–$150,000 AGI: $150 refund

  • Married Filing Jointly:

    • Up to $150,000 AGI: $400 refund

    • $150,000.01–$300,000 AGI: $300 refund

  • Head of Household:

    • Up to $75,000 AGI: $200 refund

    • $75,000.01–$150,000 AGI: $150 refund

• Not Claimed as a Dependent: You were not listed as a dependent on someone else’s tax return.

When and How Will You Receive Your Check?

Qualified residents will receive a paper check by mail, even if your 2023 tax refund was direct deposited. The New York State Department of Taxation and Finance will begin mailing checks in mid-October, with distributions continuing through November 2025.

If you’ve moved since filing your last return, log into or create an Individual Online Tax Account with the NYS Tax Department to update your mailing address and avoid missing your check.

Additional NYS Tax Relief Programs for 2025–2026

The inflation refund is just one piece of a broader $4 billion affordability plan included in the state budget. Other key measures include:

• Expanded Child Tax Credit: Up to $1,000 per child under age 4 and $500 per child ages 4–16.

• Universal Free School Meals: Free breakfast and lunch for all students—potential savings of up to $1,600 per child per year.

• Middle-Class Tax Cuts: Lowered income tax rates—the most significant reduction in 70 years.

Stay Informed and Get Help with Your NYS Taxes

Whether you’re seeking a refund, filing questions, or planning ahead for 2025, understanding these changes is crucial. If you're unsure about your eligibility or need help navigating the new tax relief programs, consider speaking with a trusted tax professional.

Visit the official New York State Tax Department for the latest updates and tools