Issues: Income Tax

After joining with his colleagues and Governor Andrew Cuomo over the last year to deliver tax relief to residents, Senator John Flanagan (2nd Senate District) is working to make getting that tax relief easier and quicker for all New York residents in two ways.

First, to help residents who are expecting a state or federal income tax refund figure out when they can expect their money, Senator Flanagan is making them aware that both the New York State Department of Taxation and Finance (NYSDTF) and the Internal Revenue Service (IRS) have set up web sites that will enable you to track your income tax refunds via the Internet.  

Taxpayers whose state and/or federal income tax returns indicate they will receive a tax refund this year can use the Internet to find out when their refund will arrive.

Both the New York State Department of Taxation and Finance and the Internal Revenue Service (IRS) allow taxpayers to track the status of tax refunds online through their respective websites. Taxpayers can utilize both refund tracking services approximately 72 hours after they file their tax returns electronically or four weeks after they mail a paper return.

Senator Charles J. Fuschillo, Jr. (R-Merrick) is informing residents who are expecting a state or federal income tax refund how to track when their refund will arrive.

Both the IRS and the New York State Department of Taxation and Finance allow residents to track the status of their income tax refunds through the internet after their tax returns have been filed. Taxpayers can utilize the tracking service within 72 hours of filing an electronic tax return or four weeks after filing a paper return.

There is no charge to track the status of state or federal income tax refunds.

On New York State’s tax filing deadline, the state Senate today passed legislation that would expedite payment of income tax refunds and simplify STAR property tax relief filings for senior citizens.

Bill S.2631 ensures prompt payment of a state income tax refund. Traditionally, the state Department of Taxation and Finance has held returns requesting refunds for up to two months, starting from when taxpayers file their return to when they may actually see the refund.

Budget Comes Early, Controls Spending and Holds The Line On Taxes

Senator Patrick M. Gallivan hailed the 2012 state budget today as lawmakers approved the spending plan ahead of the April 1st deadline, marking the second consecutive year New York State will enact an on-time budget.

“Passing a second on-time budget in as many years is indicative of the larger progress we’ve seen lately in Albany. Just as late budgets were once a symbol of dysfunction, on-time budgets are symbolic of continued progress,” the Senator said. “Even more important than passing an on-time budget, is that we passed a fiscally responsible budget that respects New York’s taxpayers and keeps the State moving forward.”

Gallivan: “Senate Plan Cuts Taxes, Reforms Medicaid, Protects Seniors and Schools.”

The New York State Senate voted to approve its 2012-13 Senate Budget resolution, continuing its focus on state spending, job creation, and structural reform to government.

The Senate budget, at just under $132.5 billion, keeps the total state spending increase below two percent, and spends less than the Executive Budget. The budget closes a $2 billion budget deficit and builds on last year’s successes in putting the state’s fiscal house in order.