The $1112 Stimulus Payment is part of Colorado’s Property Tax, Rent, and Heat (PTC) Rebate program, aimed at assisting low-income residents with their expenses. This program supports those who lived in Colorado from January 1 to December 31, 2023, by providing financial help for rent, property taxes, and heating costs. Here’s a clear guide on eligibility, application steps, and key details about the $1112 Stimulus Payment.
Eligibility Criteria for the PTC Discount Program
To qualify for the $1112 Stimulus Payment, you need to meet specific eligibility requirements. Here’s a breakdown of the criteria:
| Eligibility Criteria | Details |
|---|---|
| Income Limits | Single filers: Less than $18,026 Married couples: Less than $24,345 |
| Age and Disability | Residents aged 65 or older, or surviving spouses aged 58 or older People with disabilities receiving full benefits |
| Residency | Must have lived in Colorado from January 1, 2023, to December 31, 2023 |
How to Apply for the PTC Rebate Program
Applying for the PTC Rebate involves several straightforward steps:
| Step | Description |
|---|---|
| 1. Check Your Eligibility | Ensure you meet the income and residency requirements. You must have paid property taxes, rent, or utility bills and not be listed as a dependent. |
| 2. Submit Your Application | Use Revenue Online for electronic submission. Click on “Submit PTC Discount Application” on the Colorado Department of Revenue’s website. |
| 3. Complete the Application | Attach all necessary documents electronically. Make sure your address matches the one on your driver’s license or ID. |
| 4. Submit by Deadlines | Applications processed by September 10, 2024, will be paid in October. Those completed by December 10, 2024, will be paid starting in January 2025. |
| 5. Processing Times | Online applications are processed within 30 days; paper applications may take up to 90 days. |
Key Information Summary
Here’s a summary of important details regarding the $1112 Stimulus Payment:
| Key Information | Details |
|---|---|
| Income Cap | Less than $18,026 for single filers Less than $24,345 for married couples |
| Age Requirement | 65 years or older, or surviving spouses aged 58 or older |
| Disability | Must be fully disabled and receiving benefits |
| Residency | Must have lived in Colorado from January 1, 2023, to December 31, 2023 |
| Application Deadline | September 10, 2024 (for October payments) December 10, 2024 (for January payments) |
| Application Process | Submit online through Revenue Online |
By meeting these requirements and following the application steps, you can benefit from the $1112 Stimulus Payment, providing you with the financial support you need.
FAQ’s
Who is eligible for the $1112 Stimulus Payment?
To qualify for the $1112 Stimulus Payment, you must be a Colorado resident who lived in the state for all of 2023. Income limits are under $18,026 for single filers and under $24,345 for married couples. You must also be 65 or older, a surviving spouse aged 58 or older, or a person with a disability receiving full benefits.
How do I apply for the $1112 Stimulus Payment?
You can apply for the $1112 Stimulus Payment online through Revenue Online. Ensure that your address matches your driver’s license or ID and attach all necessary documents electronically. Submit your application by September 10, 2024, for October payments or by December 10, 2024, for payments starting in January 2025.
When will I receive my $1112 Stimulus Payment?
If your application is processed by September 10, 2024, you will receive your payment in October. Applications submitted by December 10, 2024, will start receiving payments in January 2025. Online applications are processed within 30 days, while paper applications may take up to 90 days.