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GOBankingRates
Martin Dasko

EXPLAINED: Getting an inflation refund check 5 best ways to invest it | Vintage Vibes

Liubomyr Vorona / iStock.com

According to the New York Department of Taxation and Finance, the 2025-2026 state budget introduced the first-ever inflation refund checks, with over 8 million New Yorkers set to receive up to $400.

The official website announced that the checks would be mailed out over a period of multiple weeks starting at the end of September. Since the eligibility is based on the income you reported on your New York State Income Tax Return for 2023, you’ll want to ensure that you’ve completed your paperwork.

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