In 2025, eligible residents of Colorado will have the opportunity to receive a $1,112 stimulus payment through the state’s Property Tax, Rent, and Heat Rebate (PTC) Program.
This initiative aims to provide financial relief to low-income seniors, individuals with disabilities, and surviving spouses to help cover housing and utility expenses.
What Is the $1,112 Stimulus Payment?
The $1,112 payment is part of Colorado’s PTC Program, designed to assist qualifying residents with their property taxes, rent, and heating costs.
Unlike federal stimulus checks, this is a state-administered rebate targeting specific groups facing financial challenges.
Who Is Eligible?
To qualify for the $1,112 payment in 2025, applicants must meet the following criteria:
- Residency: Must have lived in Colorado for the entire 2023 calendar year.
- Age or Disability:
- Aged 65 or older.
- Surviving spouses aged 58 or older.
- Individuals with disabilities aged 18 or older.
- Income Limits for 2023:
- Single filers: $18,016 or less.
- Joint filers: $24,345 or less.
These income thresholds include all taxable and non-taxable income sources, such as Social Security benefits, pensions, and interest income.
How to Apply?
Eligible residents can apply for the PTC rebate by following these steps:
- Obtain the Application: Access Form PTC-2025 from the Colorado Department of Revenue’s official website.
- Gather Necessary Documents:
- Proof of Colorado residency (e.g., lease agreement, utility bills).
- Proof of income (e.g., Social Security statements, W-2s, pension documents).
- Documentation of rent, property tax, or heating expenses.
- Submit the Application:
- Online via the Colorado Revenue Online portal.
- By mail to the address provided on the application form.
Application Deadline: December 31, 2025.
Payment Schedule
The timing of the payment depends on when the application is submitted and approved:
- Applications approved by September 10, 2024: Payment issued on October 5, 2024.
- Applications approved by December 10, 2024: Payment issued on January 5, 2025.
Payments are typically made via direct deposit or mailed checks, based on the information provided in the application.
Additional Assistance Programs
Residents who qualify for the PTC rebate may also be eligible for other state assistance programs:
- LEAP (Low-Income Energy Assistance Program): Helps with heating bills from November through April.
- SNAP (Supplemental Nutrition Assistance Program): Provides support for purchasing food.
These programs can be accessed through the Colorado PEAK website.
Federal Stimulus Payments: Recovery Rebate Credit
In addition to state programs, the Internal Revenue Service (IRS) is issuing automatic stimulus payments of up to $1,400 to approximately one million taxpayers who did not receive their COVID-19 stimulus payments in 2021.
These payments are part of the Recovery Rebate Credit and are being distributed without the need for taxpayers to file amended returns. Eligible individuals who have not yet filed their 2021 tax returns can still claim the credit by submitting their returns by April 15, 2025.
Avoiding Common Mistakes
To ensure a smooth application process:
- Meet Deadlines: Submit your application by December 31, 2025, to be eligible for the rebate.
- Provide Accurate Information: Double-check all details and documentation to prevent delays or disqualification.
- Beware of Scams: Only use official government websites to apply and avoid sharing personal information through unsolicited calls or messages.
Expert Advice
“Every year, thousands of eligible residents miss out on benefits like the PTC simply due to a lack of awareness. Consult a tax preparer or visit your local community center to get help with the application.”
— John Smith, CPA