Colorado residents have five days left to apply for a tax rebate that could give them at least $1,000.
The Property Tax, Rent, Heat Rebate will give Colorado residents with disabilities and older adults a rebate to help them pay for heating expenses they may acquire this year. The amount of this annual rebate can be up to $1,044 a year for an applicant, and any applicants who apply in 2023 could receive up to a $1,000 refundable tax credit, according to Colorado's Department of Revenue.
Colorado residents who apply for this rebate can either bring their completed application to a Colorado Department of Revenue Taxpayer Service Center or mail it to the department. To claim this rebate, an applicant must have lived in Colorado for the entirety of 2022, paid property tax, rent, or heating bills during 2022, and cannot have been claimed as a dependent on someone else's federal income tax return. An applicant must also fit one of the following criteria: be 65 or older by Dec. 31 of last year, have a surviving spouse who is 58 or older, or be disabled.
Additional information regarding this rebate can be found on the state Department of Revenue website.
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