Millions of New York residents to get ‘inflation refund’ checks — here’s how much you can expect to receive

Read Millions of New York residents to get ‘inflation refund’ checks — here’s how much you can expect to receive on WALY Radio

Millions of New York residents to get ‘inflation refund’ checks — here’s how much you can expect to receive

New York Gov. Kathy Hochul and state lawmakers have reached a tentative agreement to issue so-called “inflation refund” checks to millions of residents, offering direct payments of up to $400 later this year as part of the state’s $254 billion budget plan.Roughly 8.2 million tax filers are expected to qualify for the relief payments, which will cost the state approximately $2 billion, according to the Division of the Budget.The measure is being framed as a way to help residents cope with the continued effects of inflation and the high cost of living across the state.“This is targeted relief for middle- ..