Stimulus Check Update – How the STAR Program Can Save Homeowners Thousands

If you’re looking to understand the eligibility requirements for the STAR stimulus check, you’re in the right place. The STAR (School Tax Relief) program is designed to help homeowners offset their school taxes, which are a significant portion of property taxes used to fund local public schools. This guide will walk you through the two main types of STAR benefits and how to register for them.

Stimulus Check Update

The STAR program has been adjusted for 2024 to extend its reach and help more New York residents reduce their school tax burden. Here are the key updates:

• Income limit for Enhanced STAR in 2024: $98,700
• Income limit for Enhanced STAR in 2025: $107,300

These increased income limits mean that more homeowners can qualify for the STAR benefits.

Enhanced STAR

The Enhanced STAR benefit is targeted at senior homeowners and comes with specific eligibility criteria. Here’s what you need to qualify:

1. Age Requirement: You must be 65 years or older by December 31, 2024.
2. Primary Residence: The property must be your primary residence.
3. Income Limit: Your combined income must not exceed $98,700 in 2024.

Enhanced STAR is designed to provide greater relief to seniors with moderate incomes, helping them manage their school tax payments more effectively.

Basic STAR

The Basic STAR benefit is available to a broader range of homeowners. Here’s what you need to know:

1. Income Limit: Your income must be below $250,000.
2. No Age Requirement: Unlike Enhanced STAR, there is no age requirement for Basic STAR.

The New York State Department of Taxation and Finance updated the STAR credit information for 2024 in April. The processing of checks will begin in the summer, with most payments issued before September 11.

Expected Payments

Beneficiaries of the STAR program can expect the following average payments for 2023:

• Basic STAR: $778
• Enhanced STAR: $1,407

These payments provide significant relief, reducing the overall tax burden for eligible homeowners.

How to Enroll

To receive the STAR check, you must enroll in the program. Here’s how to do it:

1. Determine Eligibility: Check if you meet the criteria for either the Basic or Enhanced STAR benefits.
2. Register: Visit the New York State Department of Taxation and Finance website to register for the STAR program. Ensure you have all necessary documents, such as proof of income and residency.
3. Submit Application: Complete and submit your application as instructed on the website.

Key Points to Remember

• Annual Adjustments: The income limits and benefits are subject to annual adjustments. Stay informed by regularly checking the New York State Department of Taxation and Finance website.
• Primary Residence: Ensure that the property you’re applying for is your primary residence.
• Timely Registration: Register early to ensure you receive your STAR benefits without delays.

The STAR program is a valuable resource for homeowners looking to reduce their school tax burden. With the recent adjustments in income limits, more New York residents can benefit from this program in 2024. Whether you’re eligible for Basic or Enhanced STAR, make sure to register and take advantage of the relief provided.

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