Starting on April 5, low-income Coloradans will receive relief payments of up to $1,044 through the Property Tax, Rent, Heat (PTC) Rebate program.
Coloradans will receive new rebate program. (Photo: MARCA)
Eligibility for Rebate Program
The $7 million rebate program is designed to assist senior and low-income residents with offsetting the impact of increasing costs.
The program’s maximum rebate is $1,044 per year, and eligible recipients who submitted their applications by the March 10 deadline will receive a direct deposit on April 5 or a check by April 15, depending on their preference.
To be eligible for the PTC Rebate program, recipients must have lived in Colorado between January 1, 2022, and December 31, 2022, and meet one of the following qualifications:
- 65 years of age or older
- a surviving spouse aged 58 or older
- disabled and unable to work for medical reasons
- paid property taxes, rent, or heating bills between January 1, 2022, and December 31, 2022
- or not claimed as a dependent on someone else’s federal income tax return.
- The income limits for the program are $16,925 for single filers and $22,858 for joint filers.
READ ALSO: Application For Property Tax Rebate Worth At Least $1000 Ends Today
Is There an Opportunity to Apply for the Rebate Program Again?
For those who missed the March 10 deadline, there are still opportunities to apply and receive payment later. Applying before June 10th will result in the payment in July, and applying before September 10th will result in the payment in October.
The PTC Rebate program is a vital source of assistance for low-income Coloradans who may be struggling with rising costs. The program aims to alleviate some of the financial burdens on those who need it the most. The Colorado state government encourages eligible residents to apply for the program and receive the financial support they require.
READ ALSO: $1,000 Rebate Will Be Sent Soon For Residents In Colorado
