(PHOTO: Governor Kathy Hochul)

The plan: sometime in late 2025 single taxpayers earning up to $150k will receive a one-time check for $300; joint filers with combined incomes of up to $300k will get a one-time check for $500. 

By THE NATIONAL PULSE

Governor Kathy Hochul of New York has announced a proposal that could see taxpayers receiving checks in 2025.

This plan, which she calls the “Inflation Refund,” is Hochul’s response to rising living costs. She revealed the initiative, her first official proposal to address inflation, ahead of her upcoming State of the State address.

The proposal suggests distributing $3 billion to approximately 8.6 million taxpayers – a move that would almost certainly spur further inflation.

Under the plan, single taxpayers earning up to $150,000 annually would receive a $300 check. Joint filers with a combined income of up to $300,000 would be eligible for a $500 check.

Hochul addressed the press in the Bronx and expressed her [lack of] understanding of the financial stress faced by families.

The proposed checks are part of what she calls an “affordability agenda.”

Specifics will be detailed in her State of the State address on January 14, just before the [2025] legislative session begins in Albany.

If the state Legislature approves the checks, distribution to qualifying taxpayers could start by autumn.##