By Derek Kuhn
Coloradans eligible for a Property Tax, Rent, Heat (PTC) Rebate should apply before April 15 to ensure they also receive a TABOR refund.
With the passage of the Identical TABOR Refund Act in December, Coloradans who do not plan to file a state income tax return can still receive the refund if they apply for a PTC Rebate by April 15.
The Property Tax, Rent, Heat (PTC) Rebate is available to Colorado residents to help with their property tax, rent, and/or heat expenses. The rebate is based on income, and includes people with disabilities and older adults.
For tax year 2023, the rebate amount can be up to $1,112 for applicants. If applications are received by April 15, 2024, applicants can also receive a TABOR refund, which equates to $800 for single filers and $1,600 for married couples filing jointly.
Eligible Coloradans include seniors (age 65 or older, or surviving spouse age 58 or older), Coloradans with disabilities, and individuals with a total income of less than $18,026 or a married couple with total combined income of less than $24,345.
“It’s important to support all Coloradans, especially those in underserved and underrepresented communities,” said Brendon Reese, Department of Revenue Division of Taxation director. “We want Coloradans experiencing hardship to know that there are resources out there to help and PTC rebates are one of them. With the flattened TABOR refund, you can receive a refund even if you didn’t file a state income tax return for 2023 – you just need to submit a PTC Rebate application.”
The PTC Rebate has provided relief to about 15,000 Coloradans since 2019. This program ensures seniors and Coloradans with disabilities can remain occupied in their heated homes year after year.
The PTC Rebate application is also available in Spanish, and to provide better customer service to non-English speaking Coloradans, Taxation Division call centers can now assist non-English speaking PTC applicants through a translation service.
More information, including qualifications, is available on the PTC Rebate web page.
Derek Kuhn is Communications Supervisor, DOR Tax Division.