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Xox
Level 2

Is property tax relief & STAR credit considered taxable income?

I am a resident of New York state and I received and cashed two checks in 2019:

2019 Property Tax Relief
2019 STAR Credit

 

from the New York Department of Taxation and Finance.

Is this considered taxable income for federal or state? I thought it might not be because it's money I already paid that is coming back to me, but I was not sure.

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1 Best answer

Accepted Solutions
RobertG
Expert Alumni

Is property tax relief & STAR credit considered taxable income?

No, these checks are not income. However, if you are a homeowner and claim property taxes as an itemized deduction, you will reduce your deduction by the amount of the check.  If you claim the Standard deduction on your tax return you will not need to do this. 

 

This question was previously answered by SandraM

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1 Reply
RobertG
Expert Alumni

Is property tax relief & STAR credit considered taxable income?

No, these checks are not income. However, if you are a homeowner and claim property taxes as an itemized deduction, you will reduce your deduction by the amount of the check.  If you claim the Standard deduction on your tax return you will not need to do this. 

 

This question was previously answered by SandraM

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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