Currently, all the homeowners in New York State have received their checks. In the upcoming weeks, eligible homeowners in New York State will receive the STAR check, which aims to assist in reducing their school tax bill.
In 2023, the average amount for the Basic STAR check was $778, while the Enhanced STAR check averaged at $1,407. Recently, the State has commenced the distribution of both basic STAR and Enhanced STAR checks.
To receive a check, it is essential for you to enroll in the program. This can be done either online or through a phone call.
The Basic STAR exemption is open to homeowners who meet the eligibility criteria and have incomes below $250,000, regardless of their age.
The Enhanced STAR exemption offers a greater advantage to seniors who meet the Enhanced income and eligibility requirements. To qualify, individuals must be 65 years or older by the end of 2024 and own their primary residence. Here are the criteria for receiving the ENCHANCED STAR check from the State:
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- You own your home and it is your primary residence.
- You will be 65 or older by December 31, 2024. For jointly owned property, only one spouse or sibling must be at least 65 by that date.
- Your income must be $93,200 or less. The income limit applies to the combined incomes of all owners (residents and non-residents), and any owner’s spouse who resides at the property. For STAR purposes, income means federal adjusted gross income minus the taxable amount of total distributions from IRAs (individual retirement accounts and individual retirement annuities)
- To determine your income eligibility for the 2024 Enhanced STAR exemption, refer to your 2022 state or federal income tax return:
- Federal Form 1040. Adjusted gross income (line 11) minus taxable portion of IRA distributions (4B).
- New York State Form IT-201, Resident Income Tax Return
You can find additional criteria on the New York State website.
If you’re unsure whether you’re already receiving your STAR benefits, you can easily check by visiting the New York State website. or reaching out to your local town for clarification. These benefits are automatically deducted from your tax bill, so it’s worth taking the time to ensure you’re taking advantage of this opportunity.