Residents of Colorado may apply for the Property Tax/Rent/Heat Credit (PTC) to help with their property tax, rent, and/or heating costs. Older persons and those with disabilities are eligible for the income-based rebate. Thanks to last year’s passage of the Identical TABOR Refund Act, residents of Colorado who do not intend to file a state income tax return can still get the refund by applying for a PTC Rebate by April 15.
The maximum rebate amount for applicants for the tax year 2023 is $1,112. You will automatically be considered for an extra TABOR rebate 2024 if your applications are received by April 15. That $1,600 One Time Stimulus Payment 2024 will be equal to $800 for single taxpayers and $1600 for married couples filing jointly. Here i have shared Colorado Stimulus Check 2024 Requirements so check this page.
$1,600 One Time Stimulus Payment 2024
- A $800 Tabor Tax Refund is available to those who are 18 years of age or older. (Two qualified taxpayers filing jointly will receive $1,600.) We all purchase clothing, personal goods, and a lot more, so everyone who resides in Colorado for the complete year 2023 is qualified. When you complete your tax return, your Colorado Stimulus Check 2024 Refund will be determined whether you have filed both state and federal income taxes. You will have to file a tax return, nevertheless, if you are not required to do so normally, then you will get the benefit on Colorado PTC Stimulus 2024 Payment Date.
- Many older persons who just need to file taxes in order to get the Tabor Refund Amount 2024 can utilize the simpler Colorado Simplified Individual Income Tax Return form, particularly if they make less than $25,000 from Social Security or other non-taxable sources. In order to obtain your Tabor Refund, those with incomes under $25,000 must submit the DR0104EZ form before April 15, 2024. The Colorado PTC Stimulus 2024 form is available for download at tax.colorado.gov.
TABOR One Time Stimulus Payment 2024 Details
| State | Colorado |
| Department Name | Department of Revenue |
| Benefit For | Property Tax/Rent/Heat Credit (PTC) |
| Refund via | TABOR- Taxpayer’s Bill of Rights |
| Last date | April 15 |
| Category | Government Aid |
| Payment Amount | Check below |
| Payment Date | Check below |
| Official Website | tax.colorado.gov |
Colorado Stimulus Check 2024 Requirements
The 2023 PTC stimulus check rebate may be available to you if:
- From January 1, 2023, to December 31, 2023, you were a resident of Colorado.
- If you filed as an individual, your total income from all sources could not have exceeded USD 18,026; if you filed as a married couple, it could not have exceeded USD 24,345.
- You pay your heating expenses, property taxes, and rent throughout this PTC period.
- On their federal income tax return, no one else claimed you as a dependent.
You fit one of the following requirements as of December 31, 2023:
- 65 years of age or older.
- A surviving spouse who is at least 58 years old. If you had a divorce before your partner passed away, you are not considered a surviving spouse.
- No matter their age, people with disabilities who are qualified for full benefits under an approved public or private plan between January 1 and December 31, 2023, have to work towards a meaningful wage.
Colorado PTC Stimulus 2024 Payment Date
| Colorado PTC Application Status | DDP Date | PCP Date | Installment Amount | Number of Installments |
| Received, authorized, and processed prior to March 10, 2024 | April 5, 2024 | April 15, 2024 | 1/4 of rebate | 4 |
| Received, authorized, and processed prior to June 10, 2024 | July 5, 2024 | July 15, 2024 | 1/3 of rebate | 3 |
| Received, authorized, and processed prior to September 10, 2024 | October 5, 2024 | October 15, 2024 | 1/2 of rebate | 2 |
| Received, authorized, and processed prior to December 10, 2024 | January 5, 2025 | January 15, 2025 | Compete rebate | 1 |
| Received prior to December 31, 2025 | 10 weeks after receipt | 12 weeks after receipt | Compete rebate | 1 |
Why are people in Colorado getting $800 and $1,600 refunds?
Colorado law mandates that the state must refund revenues that exceed certain caps. TABOR, or the Taxpayer’s Bill of Rights, is to blame for this. Through the income tax filing procedure, a portion of this money is shared. The legislature of Colorado decided to equalize all refunds for the tax year 2023. Individuals filing alone will get $800, and married couples filing jointly would get $1,600.
What should I bring for my tax assistance appointment?
When filing jointly, both parties need to be present and need to bring the following:
- Identification with photo.
- ITIN card or Social Security card. Bring an official document with the number, such as a military ID, Medicare Part A card, or Social Security benefits statement, if you don’t have a card.
- The number on which you can be contacted by officials.
- If you have a valid Email address then share
- A direct deposit or cancelled personal check that is refundable. The application will provide details on other methods for obtaining your refund if you don’t have a bank account.
- If filed, a copy of the federal and state tax returns from the previous year.
TABOR Refund 2024 Amount
Unlike prior years when the return was income-tiered, the TABOR One Time Stimulus Payment 2024 for 2024 is a fixed amount regardless of your income. Colorado PTC Stimulus 2024 Refund Amount can be checked below:
- $800: For individual filers.
- $1,600: For joint filers.
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