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You can enter your New York State Inflation Check by following the directions below.
Please see TurboTax Expert KrisD's original answer to a similar question posted below here.
"The 1099-G for the New York State Inflation Refund Check can be entered as a New York State refund in the TurboTax program.
Once the NO radio button is selected a drop-down opens and you can enter the taxable amount which is the full amount reported on that 1099-G.
If you also receive a 1099-G for a 2024 state tax refund, that can be entered separately from this 1099-G. You will attribute the "inflation refund" check to tax year 2023 and the State refund (if you received one) to tax year 2024.
This is the first year New York has issued a payment like this.
There is no one dedicated screen to enter this 1099-G in the TurboTax program.
Technically the New York State Inflation Refund Check is NOT a refund of tax. It is similar to an Earned Income Credit in so far as it is based on the Taxpayer's income, in this case their 2023 income, regardless of whether they itemized or used the standard deduction.
It is not taxable on the state return, but is taxable on your federal return.
Some answers you give the program are answers to make the program put the numbers where they need to go, they are not answers that are transmitted to the IRS.
The amount of the New York State Inflation Refund Check will be reported on Schedule 1.
The total on Schedule 1 is carried forward to Form 1040 line 8.
Here is a link explaining the New York State Inflation Refund Check
Here is a link explaining the federal taxability of the check"
Thank you for this reply. I did not however receive a 1099-G. Unless this is considered the portion of the paper check that was labeled to not discard and save for tax purposes?
The NY inflation refund checks are not exactly a refund of your NY income taxes.
These one-time payments provide relief to New Yorkers who have paid increased sales taxes due to inflation.
See this NY Revenue document.
Your NY inflation refund check is taxable at the Federal level.
You need to report this income as Other Reportable Income.
In TurboTax Online, open your return and follow these steps:
This payment is not taxable at the NY state level.
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