STAR Tax Relief on the Way
New York homeowners may soon benefit from tax relief checks through the School Tax Relief (STAR) program, which helps lower school tax costs. Eligible homeowners will receive the benefit through check or direct deposit through December, with most payments being distributed this month. Seniors who qualify for the Enhanced STAR program will receive a larger benefit. The amount for both tiers varies based on the homeowner’s school district.
What you need to know:
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STAR is available for owner-occupied, primary residences.
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Basic STAR: Household income not to exceed $500k.
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Enhanced STAR: Homeowner must be 65 or older with household income under $98,700 for ‘24-’25 school year.
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The credit amount is calculated annually.
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