The Colorado Department of Revenue is preparing to release a $1112 Stimulus Payment in 2024. It is a part of the economic aid program. The main aim behind giving out this rebate payment is to help the beneficiaries with property related expenses including heating and rent costs. One noteworthy benefit of this rebate program is that the qualifying individuals can claim for it even if they don’t have SSN. Continue reading this article to obtain appropriate information on the $1112 Stimulus Payment. We have included its eligibility, payment dates, and its claiming process.
$1112 Stimulus Payment Claim
If you are a Colorado resident, then you are eligible for the upcoming $1112 Property Tax, Rent, Heat (PTC) Rebate Payment 2024. It is planned to help low income individuals who need extra support in managing their living expenses, particularly through the colder months of the year. This fiscal respite can be a major assistance as the temperature falls and heating prices boost. The beneficiary has to make sure that they fulfill the age or other criteria to ensure a smooth payment process.
Apart from that the CDOR has set an income limit that has to be met by every individual. Single filer income has to be less than USD 18026 while the married couples filing it jointly should have a combined income of USD 24345 or less than that. These criteria ensure this financial help reaches the right person in Colorado.
$1112 PTC Rebate Program 2024- Overview
| Article On | $1112 Stimulus Payment Claim: When can you Claim a PTC Rebate Payment in October? |
| Benefit Name | Property Tax, Rent, Heat (PTC) Rebate |
| Department | Colorado Department of Revenue (CDOR) |
| State | Colorado |
| Country | United States of America |
| Year | 2024 |
| Beneficiaries | Eligible residents of the state |
| $1112 Stimulus Payment Date 2024 | To be announced |
| Payment Amount | USD 1112 |
| Category | Financial Aid |
| Official Website | tax.colorado.gov |
What is the $1112 Stimulus Payment Eligibility?
To qualify for the $1112 PTC Rebate Program 2024 you need to fulfill the below mentioned criteria:
- The beneficiary should have resided in Colorado from January 1st to December 31st, 2023.
- The beneficiary applying for the $1112 Stimulus Payment 2024 has to meet the income threshold. The single filers’ total income from all the bases has to be less than USD 18,026. While the married filing jointly it has to be less than USD 24,345.
- The beneficiary has paid their property tax, heating, and rent bills throughout this PTC period.
- The recipient hasn’t been proclaimed as a dependent in anybody’s federal tax return.
- As of 31st December 2023, the beneficiary is required to fulfill one of the criteria stated below:
- He/she is aged 65 or above than that.
- He/she is a surviving partner aged over 58. A beneficiary won’t be considered as a surviving spouse if they got divorced before their spouse died.
- If a beneficiary of any age is not able to do any beneficial work due to any medical reasons. They should also be eligible for full benefits from 1st Jan to 31st Dec 2023 from a bona fide private or public plan or source, depending exclusively on their disability.
$1112 PTC Payment Dates 2024
The Colorado Department of Revenue is offering $1112 PTC Payment 2024 to the eligible recipients of the country. If you qualify for the eligibility requirements you can apply for it. It is vital to check the deadlines and ensure all the compulsory documents are uploaded along with the form to avoid any interruptions in payment processing. Once the final statement passes regarding this payment you will get an update in the tax.colorado.gov.
The beneficiaries who have applied for the regular payments between 11th June and 10th September 2024 and got an approval notification, will get the payment in the upcoming days. The payment will start from the 5th of October 2024. The other beneficiaries who are currently applying for it can submit the application by December 10. The payments will begin on the 5th of January 2025.
How to Claim $1112 PTC Rebate Payment 2024?
The eligible citizens of Colorado can apply for the one-time $1112 PTC Rebate Payment 2024. Make sure to submit it before the end day to get a 100 percent benefit amount. If you intend to apply online follow these steps:
- The beneficiary applying for the $1112 Property Tax Credit 2024 has to visit the CDOR authorized portal @ tax.colorado.gov.
- Search for the $1112 Stimulus Payment 2024.
- Now, click on the Apply Now tab.
- Fill out the application by mentioning the correct details in it.
- If required, attach the necessary documents.
- Finally, submit it.
| Homepage | Click Here |
$1112 Stimulus Payment Claim FAQs
The beneficiary should have resided in Colorado, USA from 1st January to 31st Dec 2023 to become eligible for the PTC rebate program. All along with it they have to fulfill the income threshold and other criteria which you can get in this article.
The CDOR hasn’t released any official announcement on the $1112 PTC Payment Dates in 2024. You can expect the payment date to be out by this October end.
You can claim for the rebate program through the Colorado Department of Revenue official portal. Fill out the application and submit it. If the authority asks for documents attach those for verification.
