NYS 2022 Homeowner Tax Rebate issued and received in 2023

[ifspma]

A 2022 NYS Homeowner Tax Rebate was issued on 1/31/2023.  Is this to be reported for 2022 or 2023 tax year?

[LindaS5247]

In general, all taxpayers are on a cash basis in that they report income when it is received.

This would not be reportable income for you unless you have itemized deductions and have  taken a property tax deduction for the property to which this rebate if for. In that case it would be reported on your 2022 Federal Tax Return. 

If you received a check for the homeowner tax rebate credit, you do not need to do anything on your New York State income tax return unless you itemize your deductions. Learn how to report your credit.

 

[ifspma]

I noticed on the checkstub that it actually states to keep for reporting for next year.  Thanks!