In Colorado, many seniors will soon receive a state stimulus check of up to $1,112. This financial support is part of a program aimed at reimbursing property taxes, rent, and heating expenses, known as the Property Tax, Rent, and Heat Rebate (PTC). The Colorado Department of Revenue is responsible for distributing these funds, with the goal of easing the financial burden on low-income individuals who are 65 or older, or those with disabilities.
This stimulus check is available to all who meet the eligibility criteria, regardless of whether they currently receive Social Security benefits. It’s specifically targeted at Colorado residents who lived in the state for the entire year that corresponds to the rebate request.
Eligibility requirements
The program has a budget of $7 million to be distributed among applicants who meet the following conditions:
- You must have lived in Colorado for the entire fiscal year in question.
- Applicants must be at least 65 years old, or be a surviving spouse who is 58 years or older. Additionally, individuals of any age who have a disability are also eligible.
For single applicants, annual income cannot exceed $18,026. For married couples filing a joint return, their combined income must not surpass $24,345.
How long does it take to receive the money?
The time it takes for the state stimulus check to arrive depends on when and how the application is submitted. If the forms are sent before December 10, the full rebate will start being issued in January 2025. However, for applications submitted between December 10 and December 31, the process may take a bit longer.
If the application is submitted electronically, the Department of Revenue promises that the money will be disbursed within 10 weeks after receiving all required documents. For those submitting paper forms, the wait time can extend up to 12 weeks, as the check will be mailed.
How to track your application
For those who want to monitor the status of their application, the Colorado Department of Revenue offers an online portal where applicants can check on the progress. Additionally, if any questions or issues arise with the application, people can reach out to the department by calling (303) 238-7378. The phone line is open Monday through Friday from 8:00 AM to 4:30 PM.
This tracking system is particularly helpful for those who want to ensure their documents have been properly received and to know which stage their application is in.
The Colorado state stimulus check for seniors is an important financial aid for those who meet the age, income, and residency requirements. While the process may take a few weeks depending on how the documents are submitted, it provides a significant opportunity to ease the financial strain on seniors, people with disabilities, and those with low incomes.
If you fall into one of these groups, it’s recommended that you submit your application as soon as possible to ensure you receive the money in the shortest possible timeframe. Make use of the online portal to track your application, and don’t hesitate to reach out to the Department of Revenue if any questions or issues come up during the process.