The Colorado Department of Revenue (DOR) has begun distributing the annual Property Tax, Rent, Heat Credit (PTC) Rebate to eligible Coloradans. The rebate is designed to help seniors and people with disabilities with their housing expenses.
To be eligible, applicants must meet the following criteria:
- Be 65 years of age or older on December 31, 2022.
- Be a surviving spouse, age 58 or older, on December 31, 2022.
- Have a total income from all sources that was less than $16,925 for single filers and $22,858 for married filing jointly in 2022.
- Have paid property tax, rent, or heating bills during the 2022 PTC period.
- Not be claimed as a dependent on someone else’s federal income tax return.
The amount of the rebate is based on income and expenses. The maximum rebate is $1,044 for single filers and $1,566 for married filing jointly.
Applicants can file for the PTC rebate online at the DOR website or by mail. The deadline to file is August 31, 2023.
The PTC rebate is a valuable resource for seniors and people with disabilities who are struggling to make ends meet. The rebate can help to offset the cost of housing and make it possible for these individuals to stay in their homes.
More details about the PTC rebate:
- The rebate is available for the 2022 tax year.
- Applications can be filed online or by mail.
- The deadline to file is August 31, 2023.
- The amount of the rebate is based on income and expenses.
- The maximum rebate is $1,044 for single filers and $1,566 for married filing jointly.
For more information about the PTC rebate, please visit the DOR website or call the DOR taxpayer helpline at (303) 238-7378.