Surprise $1,112 Payment Hitting Bank Accounts in April? See If You’re Eligible Now!

You’ve probably come across headlines about a $1,112 stimulus check hitting bank accounts this April. Sounds exciting, right? But here’s the truth — it’s not a federal stimulus check like we saw in past years. Instead, it’s a real state rebate program available to certain Colorado residents.

Let’s clear things up and walk through who’s eligible, how to apply, and when the money is expected to arrive.

What’s This $1,112 Payment Really About?

This payment is part of Colorado’s Property Tax, Rent, Heat (PTC) Rebate program. It’s not new, but it doesn’t always make the headlines. The program offers financial relief to low-income individuals, particularly those who are retired, disabled, or surviving spouses.

The goal is simple: help cover some of the basic but rising costs of living, like rent, property taxes, and heating.

In 2025, the maximum rebate is $1,112 — and if you meet the requirements, you could receive your payment as soon as April.

Who Can Get This Payment?

Not everyone qualifies, but many residents who meet these conditions could:

• You must have lived in Colorado for the entire 2023 calendar year.

• You must be:

  • At least 65 years old, or

  • Disabled, or

  • A surviving spouse aged 58 or older

• Your income for 2023 must be:

  • $18,016 or less if you filed alone

  • $24,345 or less if you filed jointly

• And you must have paid rent, property taxes, or heating bills during the year

If that sounds like you (or someone you know), you could be eligible.

How to Apply for the Rebate

Applying is pretty straightforward. You’ll need to:

1. Fill out Form PTC-2025, which you can download from the Colorado Department of Revenue.

2. Collect any necessary documents, such as:

   • Proof of income (like tax forms or Social Security statements)

   • Rent receipts, utility bills, or property tax records

3. Submit the form and paperwork by mail or online, if available

Once your application is approved, the rebate is sent either by check or direct deposit, depending on what you choose.

When Will the Money Arrive?

If you already applied earlier this year, your rebate could land in your account in April 2025.

If you haven’t applied yet — don’t worry. There’s still time. The sooner you submit the form, the sooner you’ll get the payment.

Just to Be Clear: This Is Not a Federal Stimulus Check

This program is being confused with a new stimulus check, but it’s not part of any federal IRS plan. It’s a state-level rebate only for eligible Colorado residents. So if you’ve seen mentions of a “$1,112 stimulus check,” this is what they’re referring to.

It’s still meaningful financial help — especially if you’re on a fixed income.

Colorado’s PTC Rebate is a quiet but powerful way to help those who need it most. And if you or someone in your life might qualify, it’s absolutely worth applying.