$1112 Stimulus Payment Coming for Colorado Citizens: Are You eligible to get it? Check Payment Date & Eligibility

In a bid to support its residents, Colorado is offering a $1,112 stimulus payment as part of its Property Tax, Rent, and Heat Rebate Program (PTC). This program is designed to provide financial relief to seniors, disabled individuals, and other eligible residents struggling with living costs. Understanding the eligibility requirements and payment schedule can help you claim these benefits on time.

If you’re wondering whether you qualify for this payment, how to apply, or when to expect your money, this detailed guide has you covered.

$1112 Stimulus Payment Coming for Colorado Citizens

The $1,112 stimulus payment offered through Colorado’s PTC Rebate Program provides vital financial support to seniors, disabled individuals, and low-income residents. By understanding the eligibility requirements, adhering to deadlines, and properly completing the application process, you can secure this much-needed assistance. Don’t wait—ensure your application is submitted by December 10, 2024, to receive payments in the next cycle.

For more information and to download application forms, visit the Colorado Department of Revenue.

What Is the $1,112 Stimulus Payment?

The $1,112 stimulus payment is part of Colorado’s PTC Rebate Program. This initiative aims to help low-income residents cover essential expenses such as property taxes, rent, and heating bills. With rising living costs, this program ensures financial relief, especially during the colder months when heating expenses spike.

Eligibility Criteria for the Stimulus Payment

To qualify for the PTC Rebate Program, applicants must meet specific requirements:

1. Residency

You must have been a full-year resident of Colorado in 2023. This means you must have lived in the state continuously from January 1 to December 31, 2023.

2. Age

• You must be 65 or older.
• Surviving spouses aged 58 or older also qualify.
• Disabled individuals can apply regardless of age, provided they meet the program’s other criteria.

3. Income Limits

Eligibility is limited to those with low incomes:

• Single filers: Annual income must not exceed $18,026.
• Married filing jointly: Combined income must not exceed $24,345.

4. Expense Requirements

You 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 another person’s federal income tax return.

For further details, visit the official PTC Rebate Program page.

How to Apply for the Stimulus Payment

The application process is straightforward, but attention to detail is crucial to avoid delays. Here’s how you can apply:

Step 1: Gather Required Forms

Obtain the following forms:

• Form 104PTC: The official PTC rebate application.
• Affidavit – Restrictions on Public Benefits: Required if you’re not a U.S. citizen or lack a Social Security Number.

Both forms are available on the Colorado Department of Revenue’s website.

Step 2: Complete the Application

Fill out the forms with accurate personal and financial information. Ensure all details match your official records.

Step 3: Submit the Application

You can submit your application in one of three ways:

1. Online: If you’ve applied for the PTC rebate in the past two years, you can file electronically via the Revenue Online portal.
2. By Mail: Send completed forms to the Colorado Department of Revenue.
3. In Person: Drop off your application at one of Colorado’s designated service centers.

Step 4: Monitor Your Status

Once your application is submitted, you can track its status on the Revenue Online portal or by calling 303-238-7378.

Payment Schedule

Payments are distributed in installments to approved applicants. Here’s the timeline for the 2024 cycle:

• Applications Approved by December 10, 2024: Payments will begin on January 5, 2025.

If you miss the December deadline, your application will be processed in the next cycle. The final deadline to submit applications for the 2024 rebate is December 31, 2025.

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Additional Financial Assistance: TABOR Refund

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

For details about the TABOR refund, visit the Colorado TABOR Refund page.

Frequently Asked Questions (FAQs)

1. Can I apply for the rebate if I don’t have a Social Security Number?

Yes. You can still apply by obtaining an Alternate Identification Number (AIN) through Form DR 0019.

2. When will I receive the payment?

If your application is approved by December 10, 2024, payments will start on January 5, 2025.

3. Can I apply if I’m disabled but under 65?

Yes. There’s no age limit for disabled individuals who meet other eligibility criteria.

4. What happens if I miss the December 10 deadline?

Late applications will be processed in the next payment cycle. The final application deadline is December 31, 2025.

5. How do I check my application status?

Use the “Where’s My Property Tax, Rent, and Heat Rebate – PTC” tool on the Revenue Online portal or call 303-238-7378.

Tips to Maximize Your Benefits

1. Apply Early: Submitting your application before the December deadline ensures timely payments.
2. Double-Check Your Forms: Avoid delays by ensuring all information is accurate and complete.
3. Claim Other Benefits: Check if you qualify for the TABOR refund or other assistance programs to maximize financial support.
4. Seek Help if Needed: If you’re unsure about the application process, consult with the Colorado Department of Revenue or a trusted advisor.