PTC rebate is focused on full-year Colorado residents only who are recipients of SSI/SSP and are 65 years of age or older, or a surviving spouse 58 years of age or older, or any age with a qualifying disability.Â
It also defines strict thresholds of $18,026 for individual taxpayers and $24,345 for married taxpayers submitting a joint application for monetary remedies so that the aid goes to the most in need.Â
Nevertheless, applicants may not have made any payment for their property taxes, rent, or heating during the qualifying period, but they must have paid other domiciliary bills.
The submission of the application is easy. When you complete the form DR 0104PTC, you can hand it in at any Colorado Department of Revenue Taxpayer Service Centre or forward it through the post to the division in Denver.Â
Remember, the address on your application should match the address on your Colorado identification card or driver’s license to prevent any hold-up.
When Can You Get A PTC Rebate Payment In October?
The payment schedule is determined by your application received by the Centres and the time taken to process it. The state releases payment in installments throughout the year based on the date of approval. For example, if your application is considered until September 10, 2024, the first installment of payment will be due on October 5, and the second installment is due on October 15.
Those who elect direct deposit will be able to access these dollars more quickly, while paper check recipients will see payment dates that are slightly later.
To those who prefer quick processing of their rebate, it is advisable to process your application during January or early February.
Once again, the state does not urge people to call regarding the status of rebates until after the payment dates because the people on the phone will not have this information yet. In the event that your application is rejected, the department will communicate this to you through email.
