Property Tax/rent/heat Rebate Booklet - 2012 (Page 4 of 8) in pdf

Direct Deposit

For faster processing of your rebate, enter the routing and account numbers and account type. You are not required to enroll in

Direct Deposit, but it is highly recommended. Include hyphens, but do NOT enter spaces or special symbols. We recommend

that you contact your financial institution to insure you are using the correct information and that they will honor a direct deposit.

See the sample check below to assist you in finding the account and routing numbers.

Intercepted Rebates

The Department will intercept your rebate if you owe back taxes or if you owe a balance to another Colorado government agency.

If you are filing a joint return and only one party is responsible for the unpaid debt, you may file a written claim to Injured Spouse

Desk, 1375 Sherman St., Denver CO 80261. Claims must include copies of all W-2, W-2G, any 1099 and/or TPQY statements

received by both parties. DO NOT attach your claim to this application, it will not be processed.

Signature(s)

Sign and date your application. Failure to sign and date your application will cause delays and/or denial of your rebate.

Affidavit

Turn to the back of the application, and complete the affidavit for lawful U.S. presence.

Special Circumstances

Disabled Children: Complete the following to calculate the PTC rebate for disabled children:

a) enter the total income for the disabled child

b) enter the total income for the household, including the disabled child

c) divide line a by line b, enter the result

Multiply the amount of property tax, rent, and/or heat/fuel expenses by the amount on line c. This is the child’s portion of the expense.

Example: Jim is a disabled child under age 18, who received $6,000 in SSI this year. His parents, who do not

qualify for the PTC rebate, earned $8,000 from wages this year. The family pays $3,600 in rent and $300 heat/

fuel to heat the home. a) $6,000

b) $14,000

c) 42.9%

Line 9 of Jim’s application is $1,544 ($3,600 x 0.429) and line 10 is $129 ($300 x 0.429).

Married Persons: If you were legally married, but never divorced you are still considered married. This is true even

if you have a legal separation. If you are married, you MUST include all information about your spouse including all

income and expenses he/she had in 2012.

Non-married Persons Sharing a Home: If you share a home with another adult and you share the expenses of the home,

please note the following:

Property Tax

One Owner: Only the owner of the home should enter the property tax amount on their application. If the other

person living in the home pays the owner rent, the owner must report the rent as income on line 7 and the renter

can report the rent expense on their application on line 9.

Joint Ownership: Each owner may enter the property tax amount they paid on their own application. The amount

should be calculated according to their ownership percentage in the property. Enter the appropriate amount on

line 8 of each person’s application.

Rent and/or Heat/Fuel

Each qualified person may enter the amount of rent and/or heat/fuel expenses on lines 9 and 10 of their own application.

Example: Bob and Joe share an apartment, and they split expenses. Bob pays 55% and Joe pays 45%. Their rent is $4,800 and

their heat/fuel is $400. Bob should list $2,640 on line 9 and $220 on line 10. Joe will list $2,160 on line 9 and $180 on line 10.

104PTC Booklet Page 4

Property Tax/rent/heat Rebate Booklet - 2012 Page 4