Following its yearly Rent, Property Tax, and Heat Tax Rebate, Colorado will shortly provide relief. For those whose applications were processed and granted before March 10, it released its first round of tax rebates this year in April. Colorado stated that the PTC tax rebate scheme could offer qualified consumers more than $7 million in relief in 2023.
However, a fresh deadline will shortly approach.
Qualifications And Deadline Regarding The Tax Rebate Program
All applicants must apply by Friday, June 8, as well as have it released by 10th June, Saturday. Depending on the type of payment chosen, people who have finished those steps will either get their PTC tax rebate on the 5th of July or the 15th of July of that year. If you submit your application before the time limit, remember that it may not be released by then, but you will still be able to receive your reward. Therefore, be sure to apply as fast as you can. Before applying, however, take notice of certain specific eligibility requirements.
For single taxpayers, it cannot go beyond $16,925 and for married couples filing jointly, it cannot exceed $22,858. Additionally, you must fulfill one of the requirements listed below:
- 65 years or older
- Remember that you do not fall under this category if you have been legally separated before your husband passed away. Surviving spouse, age 58 or older
- Any disabled person, regardless of age, who has been unable to carry out any significant gainful work due to their condition
- paid rent, heating costs, or property taxes amid the PTC tax rebate period.
- not requested on another person’s income tax rebate as a dependent
You can submit your name for contemplation online via the Department of Taxes in Colorado if you are qualified but have not yet applied.
