The New YorkSTAR program is a state initiative that offers tax breaks to eligible homeowners. Its primary goal is to assist New Yorkers in lowering the amount of school taxes they pay on their primary residence.
To qualify for this tax benefit, New Yorkers must meet certain state eligibility requirements. There are two versions of the same program: Basic STAR and the Enhanced STAR extension, which includes additional benefits.
It is critical for those interested in the stimulus payment to ensure that their information is current and that they meet the income and residency criteria.
Although the process is automated for many, those who have recently relocated or purchased a home may need to register to ensure they receive the tax credit on time.
Who is eligible for the NY STAR stimulus payment?
These are the three requirements:
Own your primary residence in New York.
Meet income requirements (varies by program type).
Be enrolled in the STAR program.
How much money can you receive from the STAR program?
Homeowners will receive between 350 and 600, and eligible seniors will receive between 700 and 1,500, depending on their location and eligibility.
Can you receive STAR benefits if you just bought a house?
New homeowners can apply for the STAR credit if the home is their primary residence and they meet the income requirements. This can be done on the official website: ny.gov/STAR.
