Big news for residents of New York — the state is preparing to send out payouts worth up to $1,500 as part of its ongoing tax relief programs.
While the federal tax season wrapped up months ago, New York continues to provide targeted rebates to help ease the financial burden on families, seniors, and homeowners.
Key Takeaways
| Program | Who Qualifies | Benefit |
|---|---|---|
| Basic STAR | Income under $500,000 (credit) or $250,000 (exemption) | Up to $1,500 |
| Enhanced STAR | Homeowners 65+ with income under $107,300 | Up to $1,500 |
| Child Tax Credit Expansion | Eligible parents | Increased credit amount |
| Inflation Relief Rebate | Eligible residents | One-off payments |
| New Parent Payments | Parents of newborns | Financial support |
Who Still Needs to File Taxes?
The federal income tax deadline was in mid-April 2025. However, those who applied for an extension have until October 2025 to file. Missing the deadline can result in:
- Interest charges on unpaid taxes
- Penalties for late filing
- In rare cases, legal action
On the state level, deadlines vary. While some states don’t collect income tax (like Florida, Texas, and Alaska), most require timely filings. In New York, ensuring your state tax return is filed is key to staying eligible for rebates and credits.
New York’s $1,500 Payout Under the STAR Program
New York’s latest round of payments comes through the School Tax Relief (STAR) Program, which is designed to reduce property tax costs for eligible homeowners. This year, about three million residents are expected to benefit, with the state releasing nearly $2.2 billion in total rebates.
There are two main STAR programs:
- Basic STAR: Available to New Yorkers with incomes below $500,000 (for the STAR credit) or below $250,000 (for the STAR exemption).
- Enhanced STAR: Designed for homeowners 65 years or older with incomes under $107,300.
For many families and seniors, these rebates will provide welcome relief as property taxes remain a heavy burden across the state.
Other Tax Relief in New York
New York has recently taken several steps to ease the cost of living for its residents, including:
- Child Tax Credit expansion – giving parents more financial support.
- One-off rebate payments – aimed at offsetting the effects of inflation.
- Special payments for new parents – to help cover costs of welcoming a newborn.
These initiatives are especially important given that New York consistently ranks among the most expensive states to live in, with New York City often topping lists as one of the priciest cities worldwide.
New Yorkers can look forward to meaningful relief with the STAR property tax rebates of up to $1,500, on top of other targeted credits and one-time payments. With the cost of living continuing to climb, these programs play a vital role in helping families, seniors, and homeowners manage everyday expenses.
While the amounts may not cover all the financial strain, they are a much-needed cushion for millions of residents navigating life in one of the most expensive states in America.
FAQ Section
Q1: Who is eligible for New York’s $1,500 STAR rebate?
Homeowners with incomes below $500,000 (Basic STAR) or seniors 65+ with incomes under $107,300 (Enhanced STAR) may qualify.
Q2: How much will New Yorkers receive from the STAR program?
Eligible residents can receive up to $1,500 in property tax relief, depending on their STAR program qualification.
Q3: Do I need to file state income tax to get the STAR rebate?
Yes, you must be up to date with state tax filing to remain eligible for property tax relief programs.
Q4: What other tax relief is available in New York in 2025?
Expanded Child Tax Credit, one-time inflation relief payments, and payments for parents of newborns are also being offered.
Q5: When will STAR rebate payments be distributed?
Payments are expected to be rolled out in 2025, with approximately three million residents set to benefit.
