Today, Americans will receive reimbursements totaling up to $350 from a $7 million pot, but not all will receive one

Join For Personal Benefits News

Those who registered for the Property Tax, Rent, and Heat (PTC) Rebate in Colorado by the due date of June 10 and choose to receive a payment via direct deposit expected to have money arrive in their accounts today.

The $7 million rebate program is designed to assist seniors and low-income households in balancing out growing housing costs.

The yearly maximum PTC rebate is $1,044.00.

The rebate is distributed in installments, with today’s recipients owing one-third of the total sum.

Therefore, the maximum payment that could be made today is a little around $350.

For individuals lacking direct deposit, paper checks would be mailed out on July 15.

The Colorado address of eligible individuals must have been their home between January 1 and December 31, 2022.

For solo filers, the income criterion is $16,925, while for joint filers, it is $22,858.

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