$1112 Stimulus Payment September 2024: Check Eligibility & Apply for a Property Tax Rebate

$1112 Stimulus Payment 2024: The Property Tax, Rent, and Heat (PTC) Rebate program provides crucial support to Colorado residents who lived in the state between January 1 and December 31, 2023. Designed to assist low-income individuals with their everyday expenses, this rebate initiative aims to help them manage costs related to rent, property taxes, and heating bills.

Only the property taxes on the home and the first acre of adjacent land qualify for the rebate. It’s important to note that each household is allowed to claim only one rebate. Eligible recipients will receive a payment of $1,112 as part of the stimulus program.

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Eligibility Criteria for the PTC Discount Program

To qualify for the $1,112 stimulus payment, applicants must meet the following eligibility requirements:

Income Limits: Single filers must have an annual income of less than $18,026, while married couples filing jointly must have a combined income of less than $24,345.
Age and Residency Requirements: Eligibility for the PTC rebate is determined as of December 31, 2023. This includes residents aged 65 or older and surviving spouses aged 58 or older. To qualify as a surviving spouse, the individual must not have divorced before their spouse’s passing.
Disability Criteria: Individuals with disabilities, regardless of age, may qualify if they are medically unable to perform essential work and receive full disability benefits throughout 2023.

$1800 Automatic Stimulus Payment Sep 2024: Check Out SSI, SSDI & VA Eligibility, Pay date & Claim Process

How to Apply for the PTC Rebate Program

Step 1: To apply for the PTC Rebate Program, applicants must have paid property taxes, rent, or utility bills during the eligible period. Additionally, it’s essential that the applicant is not listed as a dependent on another person’s federal tax return.

Step 2: According to the Colorado Department of Revenue’s official website, individuals who have applied for a refund in the last two years can submit their claims electronically through Revenue Online, a secure and free service.

Step 3: Next, applicants should click on the “Submit PTC Discount Application” link.

Step 4: While submitting the application form on Revenue Online, applicants must provide supporting documents as electronic attachments.

Step 5: To ensure smooth processing, the address on the refund application should match the address on the applicant’s driver’s license or ID card. For those without a Social Security number, an additional form is available to complete the application.

Step 6: Eligible beneficiaries should note that applications processed by September 10, 2024, will be paid in October, while applications completed by December 10, 2024, will begin payments in January 2025.

Step 7: Homeowners who submit their applications online can expect their refunds to be processed within 30 days, whereas paper applications may take up to 90 days for processing.

PTC Rebate Program 2024

Criteria	Details
Income Cap (Single Filers)	Less than $18,026
Income Cap (Married Couples)	Less than $24,345
Age Requirement	65 years or older, or surviving spouses aged 58 or older
Disability	Any age, must be fully disabled and receiving benefits
Residency	Lived in Colorado from January 1, 2023, to December 31, 2023
Application Deadline	September 10, 2024 (for October payments) December 10, 2024 (for January payments)
Application Process	Online submission through Revenue Online

Fact Check

Rumors about specific checks frequently stem from misunderstandings regarding existing government benefits or from exaggerated claims circulating online. It’s crucial to depend on official sources for reliable information.

As of 2024, there has been no federal announcement regarding deposit payments. Most deposits associated with government programs depend on individual circumstances, such as income, work history, and eligibility. To prevent falling victim to misinformation, always verify claims through official government websites or consult a financial advisor.

Who Is Eligible for the $1112 Stimulus Property Tax Rebate?

Individuals who may qualify for the rebate include those aged 65 or older, surviving spouses aged 58 or older, and individuals with disabilities who have lived in Colorado for the entire year of 2023, as long as they meet the specified income requirements.

How Do I Apply for the Rebate?

You can submit your application online via the Colorado Department of Revenue’s Revenue Online platform. Make sure to attach all necessary supporting documents as electronic files.

What Is the Payment Deadline?

Applications submitted by September 10, 2024, will be processed for payment in October. Applications submitted by December 10, 2024, will begin receiving payments starting in January 2025.