Elderly and retired Colorado locals have a limited time to apply for $1,000 relief checks.
The extra income will help you as living costs continue to increase due to inflation. Governor Jared Polis announced program availability on Monday. Eligible persons will receive up to $1,044 in cash or a $1,000 refundable tax credit.
The Property Tax, Rent, Heat (PTC) Rebate program plans to issue $7 million in relief funds. The money benefits Coloradan elders and people with disabilities.
How to apply?
You can download the application form here. Here is the web link (https://tax.colorado.gov/ptc-rebate-forms). Mail the completed document to the Colorado Department of Revenue. If you filed for the PTC Rebate within two years, file online here. Here is the web link (https://www.colorado.gov/revenueonline/_/).
- Age 65 or older
- Surviving married spouse, age 58 or older
- Disabled person of any age who was unable to engage in the labor force for medical reasons
- Paid property tax, rent, or heating bills during the PTC period
- Unclaimed as a dependent on someone else’s federal income tax return
- Lived in the state from January 1 to December 31, 2022.
- Must earn a low income, for example, earnings for a married couple filing jointly cannot exceed $22,858 and the limit is $16,925 for single filers.
The application deadline is June 10.
Document processing occurs in July and payments start in October.
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*Disclaimer: This article is for informational purposes only. This article got written using accredited media reports. Below are affiliate links. Advice Disclaimer: The article and the information contained herein are not intended to be a source of tax or other advice.*