MILLIONS of Americans will receive checks worth $750 in August thanks to a program overhaul.
Colorado Gov. Jared Polis announced last week that taxpayers will begin receiving their refund checks by the end of August if they are submitted by Thursday, June 30.
Under the law, the Colorado state legislature has the power to decide how excess tax revenue is reimbursed, according to the state.
When it was first announced, checks were supposed to be $500 for individual taxpayers and $1,000 for joint taxpayers.
However, the state experienced a strong economic recovery, which the governor’s office said led to larger refunds.
Under the revised tax refund program, individuals will receive $750 and joint claimants will receive $1,500.
Gov. Polis said taxpayers must submit their returns by June 30 to receive the tax breaks this summer.
Eligible taxpayers can expect to receive their money in the mail in August or September, the state said.
Colorado lawmakers initially set the filing deadline for May 31, but extended it by a month to give more taxpayers a chance to claim the money.
This means if you haven’t done so, you still have hours to do so or your refund will be delayed.
It’s unclear if the payments will come in multiple batches or all at once.
Coloradoans who miss the deadline can still receive payment if they submit by the October 17 extended submission deadline.
However, taxpayers filing after June 30 won’t receive their checks until January.
Those who submitted by the standard April 15 deadline need not take any further action and will receive their refund automatically in the mail later this summer.
“Everyone in our state is feeling the effects of rising costs, and I refuse to let the government sit on taxpayer money when it could make life a little easier for the people of our state,” Polis said.
To be eligible, you must be a year-round resident of the state who was at least 18 years old on December 31, 2021.
Governor Polis previously announced that 3.1 million residents were eligible for the refunds.
Other states send checks
Eligible homeowners and renters can still claim a property tax and rent rebate in Pennsylvania.
These are income-based, with the maximum standard being $650, but additional rebates for qualified homeowners can increase payments to $975, according to the PA Treasury Department.
Eligible residents of Chicago, Illinois can apply for transit and fuel card money each month.
To apply, you must be a Chicago resident, be at least 18 years old, and have a current and valid city sticker with the correct shipping information for your vehicle.
Also, your income must be at or below 100 percent of the area median income for Chicago.
Chicago will issue up to 50,000 $150 prepaid fuel cards and 100,000 $50 prepaid transit cards as part of the program.
Applications for child tax credits of up to $750 have been made for Connecticut families.
The credit is $250 for each eligible child and you can claim a maximum of three dependents.
Also, more help is set to come as at least six states decided to send additional money to SNAP recipients in July on top of a recipient’s monthly benefits.
And at least 41 cities and federal states offer an unconditional basic income.
https://www.the-sun.com/money/5617777/direct-payments-deadline-claim-colorado-rebate/ Millions of Americans are receiving direct payments of up to $1,500 in August as the deadline to apply is fast approaching