$1112 Stimulus Payment Claim: When can you Claim a PTC Rebate Payment in October?

$1112 Stimulus Payment Claim: The Department of Revenue of Colorado is ready to release the upcoming payment of  $1,112 in October month 2024. All The Eligible beneficiaries in the state can claim the annual payment which is released on different dates across the year. So if you are also living in Colorado state of USA and want to get a tax rebate from the government for your property tax can can check this article where we will share with you the detailed eligibility criteria of property tax rebate program- PTC in Colorado and will share with you that criteria to get additional payment of $1600 TABOR refund. 

The government of Colorado state in USA is running tax rebate program in the state for low income senior citizens and disabled citizens who are unable to pay the property tax annually. So if you are also living in the state from last 1 year or more than your eligible to receive up to 1112 PTC tax rebate for the annual year of 2023 and 24.

$1112 Stimulus Payment: Check when to Claim?

Apart from this, government is also offering up to $1600 TABOR refund payment To The Eligible beneficiaries. It is important to submit the Rebate application DR 0104 PTC to Get the payment on the scheduled dates.

The government is offering specific benefit to only disable citizens and seniors more than the age of 58, so it is important to have social security Insurance number (SSN) or Individual Taxpayer Identification Number (ITIN). However if you are not have such a document then you can still apply for the tax rebate program in the state by submitting Alternate Identification Number (DR 0019) Form. 

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Age Criteria 

Only senior citizens who have crossed the age of 65 are eligible to apply for property and rent tax rebate program in Colorado. But if you are living with your spouse then the spouse is eligible to claim the payment after the age of 58 years.

The age will be calculated from 31 December 2023. So if you are a senior citizen in the state and have the certain age criteria then apply for the $1112 Stimulus Payment program. Apart from this if you are a disabled citizen in the state then the age criteria is not decided for you and you can apply at any age to claim this tax rebate program.

Citizenship criteria 

Only citizens of USA are eligible to apply for the PTC Colorado program payment. However, it is important to live in the state for last 1 year which will be calculated from first January 2024. So if you are also one of them who live in the state between 1st January to 31 December 2023 or more then you are eligible to climb the annual payment for 2023 session.

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Disability criteria 

Apart from the senior citizens, if you are a disabled person and living in the state then you need to fulfill the specific disability criteria to claim the payment. you must be a disabled individual of any age who is medically unable to engage in substantial gainful activities. You must have received full disability benefits from a legitimate public or private plan, such as Social Security Disability Insurance or Medicaid, for the entire year of 2023 (January 1 – December 31).

The benefits must be solely based on your disability status. This criteria confirms your disability, inability to work, and receipt of verified disability benefits, potentially making you eligible for tax credits, refunds, or other disability-specific benefits.

Income criteria 

The income criteria is very important to claim the payment of property tax rebate program in Colorado state as the program is especially designed for low income citizens. So if you are able to earn more than the $18,026 then you will not eligible to get the 100% payment. However this income criteria is decided for only single individuals. But if you are living with your spouse then you should earn less than $24,345 to get the 100% payment.

So if you have all above eligibility criteria and want to get financial assistance from the government then you can apply for the PTC tax rebate program in the state which will help you to earn annual amount of $1,112 or more according to your eligibility and condition. 

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  • Hamid

    Hamid is is writing since 2020. He is preparing for Banks exams and has keen interest in knowing Finance news and latest information.

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