Friday, September 20, 2024

Governor Hochul Highlights $2.3 Billion in Tax Relief for Nearly 3 Million New Yorkers

Governor Hochul and officials pose for a photo

STAR Program Delivers Tax Exemptions and Credits to Families and Seniors Statewide

STAR Digital Portal Allows New Yorkers To Get STAR Credits Via Direct Deposit

Direct Deposit Sign-Ups For this Year Still Available on Long Island

Governor Kathy Hochul highlighted New York State’s ongoing efforts to deliver $2.3 billion in tax relief to nearly three million New Yorkers under the State’s School Tax Relief program. More than two million New Yorkers have already received their STAR tax relief and nearly one million will receive their benefits in the coming weeks. The Governor also highlighted that New Yorkers on Long Island can still sign up for direct deposit before their STAR credits are issued in the coming weeks.

“Back-to-school season is also tax relief season for millions of New Yorkers,” Governor Hochul said. “From tax credits to child care assistance to summer food benefits, we’re continuing to put more money back in the pockets of working New Yorkers to address the cost of living and help families across our state.”


The STAR program provides property tax relief to eligible New York State homeowners and senior citizens throughout the State. The dollar amount of each STAR benefit depends on the resident’s income level and other factors.

For homeowners with incomes of $500,000 or less, STAR benefits are typically worth several hundred dollars. For seniors age 65 and older with incomes below $98,700, STAR benefits can exceed $1,000.

New Yorkers receive this benefit in one of two ways: as a STAR credit issued via check or direct deposit to the resident, or as a STAR exemption that reduces their annual school tax bill. Once a homeowner enrolls in the program, they do not need to take further action to continue receiving the credit or exemption. More information on the program can be found at the STAR resource center.

More than 2 million New Yorkers have already received their STAR tax relief, and the remaining relief will be delivered to nearly one million additional New Yorkers in the coming weeks. STAR credit delivery is generally based on timelines to meet the school tax due date. While September 30 is the most common school tax due date across the State, some parts of the State such as Long Island have later due dates this fall.

A breakdown of this year’s total $2.3 billion STAR benefits and nearly 3 million recipients by region is seen below:

REGION 

STAR TAX RELIEF 

RECIPIENTS 

Long Island 

$736.4 million 

596,000 

Mid-Hudson 

$515.2 million 

414,000 

Finger Lakes 

$216.4 million 

286,000 

Western New York 

$188.2 million 

328,000 

New York City 

$167.3 million 

495,000 

Capital Region 

$152.3 million 

248,000 

Central New York 

$138.3 million 

180,000 

Southern Tier 

$115.6 million 

160,000 

Mohawk Valley 

$69.9 million 

103,000 

North Country 

$49.8 million 

90,000 

TOTAL 

$2.3 billion 

2.9 million 

Governor Hochul and the State’s Tax Department launched the first-ever STAR digital portal earlier this year. This new portal allows New Yorkers who receive STAR credits to sign up to get their credit sent via direct deposit, rather than a physical check in the mail.

For this year’s payments, sign-ups for direct deposit are still available for New Yorkers on Long Island since their credits will be delivered in the coming weeks.

All New Yorkers who receive STAR credits can continue to utilize the digital portal to sign up for direct deposit for next year’s payments.

As part of these efforts, Governor Hochul is continuing her focus on addressing the cost of living for families throughout the State.


Helping More Families Pay for Child Care

This summer Governor Hochul launched ny.gov/childcare – a digital portal to help make free or low-cost child care more accessible to eligible families statewide through New York State’s Child Care Assistance Program (CCAP). This new initiative follows a historic $1.8 billion state and federal investment in CCAP secured by Governor Hochul in the FY25 Enacted Budget. CCAP covers more than 90 percent of market rate child care costs for most eligible families, with most families of four paying no more than $15 per week for child care.

The Governor previously worked with the Legislature to overhaul the child care system and make historic, one-of-a-kind investments, including a four-year, $7 billion commitment to improving the child care assistance program; expanding income eligibility for child care assistance to more than half of young children in New York; increasing state reimbursement rates to providers to expand the number of programs from which families can choose; investing $50 million to establish a child care capital program; investing $343 million to stabilize programs at risk of closure and support the child care workforce; and investing $15.6 million to expand child care to all SUNY and CUNY campuses.

Expanding Access to Child Tax Credit Payments

Governor Hochul also previously announced that New York State delivered approximately $350 million in supplemental payments to low- and moderate-income families statewide through the Empire State Child Credit program. More than 1 million families received this financial assistance without any need to apply, as each eligible family received a direct payment of up to $330 per child.

The Empire State Child Credit is a refundable tax credit for income-qualified New Yorkers with children. In 2023, Governor Hochul and the State Legislature expanded the Empire State Child Credit to include children under four, benefitting an estimated 600,000 additional children per year. Earlier this year, the more than 1 million families eligible for the Empire State Child Credit received hundreds of millions of dollars in tax credits based on their 2023 tax filings.

Delivering Food Assistance

Governor Kathy Hochul also previously announced that New York has issued nearly $200 million in food assistance to more than 1.5 million low-income children as part of the new Summer Electronic Benefits Transfer (Summer EBT) program. New York is sending $120 per child to eligible families to help pay for healthy meals. Many eligible families have already begun to receive this assistance and the benefits will continue to be sent in the coming weeks.

Summer EBT is a new federally funded program that supports efforts to address food insecurity among children from low-income families. Each state electing to opt into the Summer EBT program is responsible for distributing the $120-per-child benefits to eligible families, as well as covering half of the administrative costs involved in distributing the funds. Governor Hochul ensured that New York would participate in this program and secured $13 million in the State’s FY 2025 Enacted Budget to support Summer EBT distribution efforts throughout the State.


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