The state of New York is sending out Stimulus Checks to homeowners ahead of schedule.
A one-time reimbursement of up to $1,050 is available. Those waiting for a tax refund will receive a Stimulus Check worth 5% extra, and the IRS Free File service is still available for returns through Oct. 17. The average benefit in New York City is $425. The average benefit for New Yorkers living outside of the city is around $970, and it will affect almost 2 million households. A reward of $1,050 will be provided to low-income homeowners earning less than $75,000 each year. This is a type of advance credit designed to send money to New York homeowners as soon as possible.
NYC Residents Will Receive Their Stimulus Check Earlier Than Anticipated
The majority of the checks will be mailed this month. Due to a shortage of school tax data, some homeowners may receive the credit later. Hochul is competing against Suozzi and NYC Public Advocate Jumaane Williams in the primary.
The payments are part of a one-year, $2.2 billion initiative announced in April as part of the state budget. Hochul recommended a $1 billion property tax rebate to help alleviate some of the financial strains brought on by the coronavirus outbreak and inflation.
The Stimulus Checks were supposed to arrive in the fall, but the state pushed to speed up the process. It is not unusual to send rebate checks to potential voters right before an election, with the incumbent’s name on them. Before then-Gov. Andrew Cuomo’s primary election against rival Cynthia Nixon in 2018, the state-issued checks. Cuomo’s name was not on those checks, but there was a short note identical to the one on this set of refund checks.