As of November 2024, all payments from New York State had been distributed to qualifying homeowners. If you are a homeowner in New York State and meet the eligibility requirements, you will receive the coveted STAR check in the coming weeks. This check is intended to assist reduce some of your school tax bills.

In 2023, the statewide average for the Basic STAR check was $778, while the Enhanced STAR check totaled $1,407. The state has already started providing Basic and Enhanced STAR checks to qualified recipients.

What do you need to receive this payment in the future?

To get a STAR check from New York State, you must enroll in the program. Without signing up, you will not receive a check. Fortunately, registration is straightforward and can be completed online or over the phone.

• Basic STAR: This exemption is available to all eligible homeowners with incomes below $250,000, regardless of age.
• Enhanced STAR: Specifically designed for seniors with qualifying incomes, this check offers an increased benefit to those who meet the additional criteria.

To obtain the Enhanced STAR check, homeowners must meet the precise eligibility requirements for income and age.

Are you a senior looking to increase your property tax savings? The Enhanced STAR exemption provides significant benefits to seniors who meet certain income and eligibility requirements.

If you are 65 or older and own your house as your primary residence, you may be eligible for this significant exemption in 2024. Let’s look at the important elements that may qualify you for the state’s Enhanced STAR check.

Eligibility Requirements for the Enhanced STAR Exemption

To qualify for the Enhanced STAR exemption, you must meet the following criteria:

• Age Requirement: You must be 65 or older by December 31, 2024. If the property is jointly owned, only one spouse or sibling needs to be at least 65 by that date.
• Residency Requirement: You must own your home and it should be your primary residence.
• Income Limit: Your income must not exceed $93,200. This limit is based on the combined incomes of all owners, whether they reside at the property or not, including any owner’s spouse who lives there.

Understanding Income for STAR Purposes

To qualify for the Enhanced STAR exemption, income is defined as the federal adjusted gross income minus the taxable amount of all IRA distributions (individual retirement accounts and individual retirement annuities).

How to Verify Your Income Eligibility

To determine if you meet the income eligibility for the 2024 Enhanced STAR exemption, consult your 2022 state or federal income tax return. Here’s what to check:

1. On Federal Form 1040, look at the adjusted gross income (line 11) and subtract the taxable portion of IRA distributions (line 4B).
2. On the New York State Form IT-201, refer to the Resident Income Tax Return.

For additional information and detailed criteria, visit the New York State website.

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