8 million New Yorkers will receive an “inflation refund check” as part of the state’s 2026 budget. This is the first payout of its kind for the state, and is meant to offset the rising cost of living. “That money belongs to hardworking New York families and should be returned to their pockets,” Governor Kathy Hochul said. Joint filers earning up to $150,000 will receive $400. These initiatives aim to put more money into the pockets of taxpayers. (newser)

Phone Topic: What would you do with an extra tax refund?