Are you a New Yorker looking for some financial relief? The STAR Program might just be the answer you’ve been waiting for. This special initiative is currently handing out $1,000 checks to millions of residents across the state, and the best part? Applications are still open!
For months now, direct payments of over $1,000 have been making their way to eligible individuals. This is all part of the New York School Tax Relief (STAR) Program, a significant effort championed by state officials and Governor Kathy Hochul.
How much money will the STAR program need to fund checks?
The STAR Program has reserved to a substantial $2.3 billion fund for 2024. This initiative aims to provide much-needed tax relief to nearly three million residents of New York State. According to a recent press release from the Governor’s office, the program’s primary goal is to offer financial assistance to counter the increasing cost of living.
Governor Hochul highlighted the importance of this program, emphasizing its role in helping New Yorkers deal with economic challenges.
If you haven’t applied yet, there’s still time to take advantage of this opportunity. The funds are being distributed across 10 regions, ensuring that a broad range of New Yorkers benefit from this relief.
- Direct payments of over $1,000
- Open to nearly three million residents
- Applications still open
- Targeting increased cost of living
Don’t miss your chance to receive a portion of this $2.3 billion fund. Apply now and join the millions of New Yorkers already benefiting from the STAR Program.
Back-to-school season isn’t just about new school supplies—it’s also a time for tax relief for millions of New Yorkers. According to Governor Hochul, “From tax credits to child care assistance to summer food benefits, we’re continuing to put more money back in the pockets of working New Yorkers to address the cost of living and help families across our state.”
Financial Relief for New Yorkers
At least two million New Yorkers have already benefited from this program, receiving free money to help ease the burden. As autumn progresses, around a million more are expected to get their checks.
Recipient Requirements
Eligible homeowners and senior citizens in New York can receive property tax relief through the STAR Program. Several qualifying factors, including income level, determine how much money is paid out to each claimant.
- Homeowners with household incomes of $500,000 or less will receive “several hundred dollars” in relief.
This initiative is another step in the state’s ongoing efforts to support working families and address the rising cost of living. If you qualify, make sure to take advantage of these benefits and ease your financial burden this season.
For those aged 65 and older with household incomes under $98,700, a special opportunity awaits this year—a distribution over $1,000 in relief funds.
How to Receive Your Funds
This year introduces a new way to receive these funds: through direct deposit. This option is available thanks to the first-ever STAR digital portal, where recipients can enter their information and opt out of receiving a check in the mail. If you prefer the traditional method, you can still receive a mailed check as well.
Options for Long Island Residents
Residents of Long Island still have time to sign up for direct deposit and get their relief funds quickly and conveniently. Alternatively, you can choose to have the funds applied directly to your annual school tax bill.
Payment Timeline
All funds are expected to be distributed by September 30, aligning with the “most common school tax due date across the State,” according to the official release. It is important to note that the school tax due date varies across New York State. For instance, Long Islanders have a due date later in the fall.
- Funds over $1,000 available for eligible seniors
- New direct deposit option through the STAR digital portal
- Sign up for direct deposit or receive a mailed check
- Option to apply funds to your annual school tax bill
- All funds distributed by September 30
Don’t miss out on this valuable opportunity to ease your financial burden. Ensure you sign up for the option that best suits your needs and preferences. Visit the official websites for more details to register: https://www.tax.ny.gov/pit/property/star/
