Thu, December 12, 2024
Wed, December 11, 2024

NY taxpayers could get up to $500 'refund' checks under Hochul plan

Most New York taxpayers would get checks for up to $500 from Albany next year under a new proposal by Gov. Kathy Hochul that must be approved by state lawmakers. Hochul announced her "inflation refund" idea on Monday as the first preview of her annual State of the State speech,

New York Governor Kathy Hochul has proposed a plan that could provide tax refunds to New Yorkers, with individuals potentially receiving up to $250 and families up to $500. This initiative, part of her $233 billion budget proposal, aims to return some of the state's surplus to its residents. The refund checks are designed to help offset the costs of inflation and are part of a broader strategy to provide economic relief. The proposal includes other measures like increasing the state's child tax credit and expanding eligibility for the Empire State child credit. However, the plan requires approval from the state legislature, and details on eligibility and distribution are still being finalized.

Read the Full MSN Article at:
https://www.msn.com/en-us/politics/government/ny-taxpayers-could-get-up-to-500-refund-checks-under-hochul-plan/ar-AA1vENme