Starting October 2024, many elderly and disabled residents in Colorado will qualify for a $1,112 stimulus check through the Property Tax Credit (PTC) program. This initiative aims to provide financial relief to seniors and individuals with disabilities, particularly during the colder months when living costs such as heating bills increase.
Eligibility Requirements for the $1,112 Stimulus Check
Not all seniors in Colorado are automatically eligible for the stimulus check. To qualify, applicants must meet specific criteria:
- Residency: Applicants must have been Colorado residents for the entire year of 2023.
- Age: Most applicants must be 65 or older, but surviving spouses aged 58 or older and individuals with disabilities of any age are also eligible.
- Income Limits:
- Single filers: Annual income must be $18,026 or less.
- Married couples: Combined income must not exceed $24,345.
Additionally, applicants must have paid property taxes, rent, or heating bills during the PTC period. It’s important to note that individuals listed as dependents on someone else’s tax return are not eligible.
For more detailed information on the eligibility requirements, visit the Colorado Department of Revenue’s official site.
Application Process
To receive the stimulus payment, eligible residents must submit an application to the Colorado Department of Revenue. The application deadline for the PTC program is December 10, 2024.
- June 11 – September 10, 2024: If approved, payments will begin on October 5, 2024.
- After September 10, 2024: Approved applications will have payments issued starting January 5, 2025.
Ensure all documentation is accurate to avoid processing delays, and check your application status online or by contacting the department at (303) 238-7378.
Benefits of the Stimulus Check
The $1,112 stimulus check can provide vital assistance to Colorado’s elderly and disabled residents, helping them cover essential expenses like property taxes, rent, and heating bills. With the rising cost of living, this financial support offers much-needed relief during the fall and winter months.
For those who do not meet the eligibility criteria, alternative programs such as heating assistance or housing support are available to help manage living expenses.
Read More News:
- 2025 Social Security COLA Rise: What Beneficiaries Need to Know
- 2024 SSI COLA Increase: Key Details for Beneficiaries
Act now to claim the stimulus check and ensure your finances stay secure through the upcoming winter months.