Thousands of NY Middle Class Families will be receiving a $350 Rebate Check from NY State This Month
If sometime over the next month you receive a $350 check from New York State, don’t throw it away. It’s not a joke. Instead, it’s a Middle Class Family Rebate from the state.
That’s right, instead of you writing a check to the government, they may be writing you one.
Along with the NY state check, there will be a letter stating something along the lines of “Dear Taxpayer: Last year’s State Budget included this Family Tax Relief Credit. This tax relief is part of New York State’s new effort to reduce taxes”.
Who is Eligible to Receive NY Middle Class Family Rebate Check
You can expect to see the Family Relief $350 check if you meet the following qualifications;
- you’re a New York State resident
- you claimed a child under age 17 on your 2012 tax return
- your family’s 2012 adjusted gross income was between $40,000 and $300,000
Wondering what the catch is? You may be surprised to hear there’s no catch. The Family rebate program, along with a new homeowners property tax rebate program are part of NY Governor Andrew Cuomo’s effort to address New York’s “high-tax state” reputation.
Governer Cuomo spokesman Richard Azzopardi stated the following; “This much-needed relief for families is one of many steps taken by Gov. Cuomo to control and reduce taxes. As the governor has repeatedly said, New York has no future as the high tax capital of the world.”
When You Will Receive Your Family $350 Rebate Check
NY State started sending out the Family Relief Tax Rebate checks last Tuesday. In fact, the checks come six weeks before Election Day… Interesting.
Here’s another “fun” fact; NY state’s two new 2014 rebate programs will end up costing the state $1.6 million in postage fees alone.
However, if you have a family and fell between the $40,000 and $300,000 income range in 2012, the rebate check will most likely help cover the high costs of raising a family, whether it be a few dinners or new school clothing.
Didn’t File Your 2012 Taxes Yet? File Today!
Bummed that you still need to file your 2012 Tax Return? Fortunately, PriorTax offers late tax filing. That means, you can still get caught up on your 2012 taxes and cash in for the possible money New York state owes you.
Whatever your case may be, whatever you do, don’t shred that check you receive from Albany, NY State Capital Office!
Photo via USASOC News Service