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Are you eligible for STAR CREDIT?
By Mathew Joseph.
If you own your home, it's your primary residence, and your income is $500,000 or less, you're eligible for the Basic STAR credit. In addition, if you're 65 or older with an income of $98,700 or less, you may be eligible for the Enhanced STAR credit. Eligible new homeowners will receive their STAR savings in the form of a check or direct deposit directly from New York State. But you must register with the New York State Tax Department to receive a STAR credit. You can register 24 hours a day, 7 days a week at www.tax.ny.gov. Property owners without access to a computer can register by phone at 518-457-2036 weekdays between 8:30 a.m. and 4:30 p.m.
In the first year...
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