Colorado Citizens: Check if You’re Eligible for $1,112 Stimulus Payment?

Colorado is offering a $1,112 stimulus payment as part of its Property Tax, Rent, and Heat Rebate Program (PTC) to provide financial relief to seniors, disabled individuals, and other eligible residents struggling with living expenses.

This program aims to help those facing high property taxes, rent, and heating bills. If you’re wondering whether you qualify, how to apply, or when to expect your payment, read on to find out all the details.

What Is the $1,112 Stimulus Payment?

The $1,112 stimulus payment is part of Colorado’s PTC Rebate Program. This initiative is designed to support low-income residents, especially those who need help covering essential expenses like property taxes, rent, and heating bills.

With living costs rising, the state has introduced this program to offer relief, particularly during the colder months when heating costs can become a burden.

Eligibility Criteria for the $1,112 Stimulus Payment

To qualify for the PTC Rebate Program, you need to meet certain requirements. These include residency, income limits, age, and expenses paid in the previous year. Below are the key details:

1. Residency
   You must have been a resident of Colorado for the entire year of 2023, from January 1 to December 31.
2. Age
   You must be at least 65 years old.
   Surviving spouses who are 58 or older also qualify.
   Disabled individuals can apply, regardless of age, as long as they meet the program’s other criteria.
3. Income Limits
   The program is for those with low incomes:
   • Single filers: Annual income should not exceed $18,026.
   • Married filers: Combined income must be $24,345 or less.
4. Expense Requirements
   Applicants must have paid at least one of the following in 2023:
   • Property taxes
   • Rent
   • Heating bills
5. Dependency Status
   You cannot be claimed as a dependent on someone else’s federal income tax return.

How to Apply for the $1,112 Stimulus Payment?

The application process for the PTC rebate is simple but requires accuracy to avoid delays. Here’s a step-by-step guide to applying:

1. Step 1: Gather Required Forms
   • Form 104PTC: This is the official PTC rebate application.
   • Affidavit – Restrictions on Public Benefits: This form is necessary if you are not a U.S. citizen or do not have a Social Security Number. You can find these forms on the Colorado Department of Revenue’s website.
2. Step 2: Complete the Application
   Fill out the forms with your personal and financial information. Make sure all details are accurate and match your official records.
3. Step 3: Submit the Application
   You have three ways to submit your application:
   

   Colorado’s $1,600 Stimulus Check in 2025: See If You Qualify Today?
   • Online: If you’ve applied for the PTC rebate in the last two years, you can file electronically through the Revenue Online portal.
   • By Mail: Mail the completed forms to the Colorado Department of Revenue.
   • In Person: Drop off your application at one of Colorado’s service centers.
4. Step 4: Track Your Application
   After submitting your application, you can monitor its status either through the Revenue Online portal or by calling the Colorado Department of Revenue at 303-238-7378.

Important Dates for the $1,112 Stimulus Payment

The $1,112 payment is distributed in installments, with payments starting for approved applicants on January 5, 2025. The key deadlines to remember are:

• December 10, 2024: Submit your application by this date to receive payments in January 2025.
• December 31, 2025: The final deadline for submitting applications for the 2024 rebate cycle.

If you miss the December 10th deadline, your application will be processed in the next payment cycle.

Additional Financial Assistance: TABOR Refund

Apart from the PTC rebate, Colorado residents may also qualify for a TABOR refund, which provides up to $1,600 depending on individual circumstances. This refund is separate from the $1,112 stimulus payment but offers additional financial relief.

For more details about the TABOR refund, you can visit the official Colorado TABOR Refund page.

Conclusion

Colorado’s $1,112 stimulus payment provides essential financial support to seniors, disabled individuals, and low-income residents.

By understanding the eligibility criteria, completing your application on time, and following the payment schedule, you can ensure that you receive this much-needed assistance.

Don’t wait—apply before the December 10, 2024, deadline to get your payment in January 2025. For more details and to download the necessary forms, visit the Colorado Department of Revenue website.

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