Homeowners in New York can receive $1,400 stimulus checks through the STAR program to assist with school tax bills with eligibility based on factors like age, income, and residency status.
New York Homeowners Eligible for $1,400 STAR Program Stimulus Checks to Offset School Tax Bills
According to Marca, if you own a home in New York, you might be getting some help with your expenses. The New York School Tax Relief Program (STAR program) is giving out $1,400 checks to eligible homeowners. Unlike the nationwide stimulus plan by President Biden this STAR program is only for people in New York. These checks are meant to help homeowners with their school tax bills and most of them should arrive by September 11, as per state officials.
The STAR program offers two types of checks: the Basic STAR payment which was about $778 on average last year, and the Enhanced STAR payment, which was about $1,407 on average. While most homeowners need to apply to get the credit from the state, some might qualify for the STAR program as a property tax exemption. But remember, these benefits are only for homeowners in New York who meet certain conditions like registering for the STAR program and earning less than $250,000 per year for the Basic STAR program.
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Potential Benefits for New York Homeowners Over 65
Furthermore, if you’re 65 or older by the end of 2024 and your home is your main residence you might qualify for the Enhanced STAR program. While most checks are expected to arrive in late summer or early fall when school tax bills are due you can check the state website to see when you’ll get yours based on where you live. This STAR program targeted support aims to ease the burden of school tax bills for eligible homeowners in New York.