Homeowners in New York are receiving good news this summer and fall. The state of New York has started issuing checks and credits from the School Tax Relief (STAR) Program. This initiative aims to ease the burden of school property taxes for nearly 3 million residents.
The program, which will distribute a total of $2.2 billion, is being well received throughout the state. For many, the arrival of these payments coincides with the return to school, offering financial relief at a key moment. The payments are being made in several phases, with the first beneficiaries already receiving their checks in July, while payments will continue through the end of this year.
What is the STAR stimulus payment?
The STAR, or School Tax Relief, program is a tax benefit from the state of New York for eligible homeowners. This program is divided into two categories: Basic STAR and Enhanced STAR.
Basic STAR is aimed at homeowners with a total household income of $500,000 or less. This is the standard level of relief, which helps reduce school property taxes.
Meanwhile, Enhanced STAR is intended for people over 65 years old. To access this benefit, applicants' combined income must be $107,300 or less for the 2025 fiscal year. This benefit is designed to provide additional relief to households with seniors who have limited income.
Requirements to receive the STAR stimulus payment in 2025
To be eligible for the STAR credit, applicants must meet certain requirements. The main criteria include being a homeowner and residing in the home as their primary residence. Also, a total household income of $500,000 or less for the basic credit and $250,000 or less for the Enhanced STAR extension.
For those interested in the Enhanced STAR credit, there is also an age requirement. Applicants must be over 65 years old, or one of the spouses must meet this age. They must also have a total household income of $107,300 or less for the 2025 benefits.
Who will receive these payments?
Payments from the STAR program began to be issued in June and July, but many are still yet to receive them. Residents who meet the established requirements will receive their checks or direct deposits in the coming months, especially between August and October.
It is important to note that these payments are an essential aid for New York households. As the tax burden for homeowners is eased, the STAR program continues to show its positive impact on the community.