September 2024 $1,112 Stimulus Payment: Check eligibility and apply for property tax refund

2024 Stimulus Payment $1,112: The Property Tax, Rent, and Utility Rebate Program (PTC) provides critical assistance to Coloradans who lived in the state from January 1 to December 31, 2023. This rebate program was created to help low-income citizens with their everyday expenses. The purpose of the program is to help low-income earners with assistance paying rent, property taxes, utility bills, and more.

Only property taxes on one acre of your home and surrounding land are eligible for the rebate. Please note that each household may only apply for there bate once. Eligible beneficiaries will receive a stimulus payment of $1,112.

Eligibility Criteria for the PTC Discount Program

To receive the $1,112 stimulus payment, you must meet the following eligibility requirements:

1 To qualify for this PTC rebate program, single filers must have a total annual income of less than $18,026, and married couples filing joint tax returns must have an annual income of less than $24,345.

2 Eligibility for the PTC discount applies to individuals who meet certain criteria as of December 31, 2023. This includes residents aged 65 or older and surviving spouses aged 58 or older.

3 To qualify, the surviving spouse must not have divorced prior to the death of the spouse.

4 On the other hand, disabled people who are unable to perform essential work due to medical reasons, regardless of age, may be eligible to receive full disability benefits in 2023 if they qualify.

How do I apply for the PTC Discount Program?

Step 1: To apply for the PTC Rebate Program, the beneficiary must have paid property taxes, rent, or utility bills during the covered period. It is also important that the applicant is not listed as a dependent on someone else’s federal tax return.

Step 2: According to the official website of the Colorado Department of Revenue, anyone who has applied for a refund in the past two years can submit their application electronically through Revenue Online, a free and secure service.

Step 3: The beneficiary should then click on the “Submit PTC Rebate Application” link.

Step 4: Please note that when submitting the application on Revenue Online, supporting documents must be submitted as electronic attachments.

Step 5: To ensure smooth processing, the address on the rebate application should match the address on the applicant’s driver’s license or ID card. For those who do not have a Social Security number, an additional form is available to help them complete the application process.

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

Step 7: Homeowners who submit a claim form online can expect their refund to be processed within 30 days, while paper claims are processed within 30 days. It may take up to 90 days.

PTC Discount Program 2024

FAQ: 2024 $1112 Stimulus Payment

Who is eligible for the 1112 Stimulus Property Tax Rebate?

Individuals age 65 or older, surviving spouses age 58 or older, and individuals with disabilities who have lived in Colorado through 2023 may qualify as long as they meet the income requirements.

How do I apply for the discount?

You can apply online through the Colorado Department of Revenue’s online platform. Be sure to submit all required supporting documents as electronic attachments.

When is payment due?

Applications submitted by September 10, 2024 will be paid in October, and applications submitted by December 10, 2024 will be paid starting in January 2025.

Can I apply if I don’t have a Social Security number?

Yes, you can still apply, but you will need to submit additional documentation to complete the process.