Stimulus Check Update: This State Residents Qualify for $1,000 Rebate

In 2024, Pennsylvania is set to offer a significant financial boost to its older residents through an expansion of the Property Tax/Rent Rebate (PTRR) Program. This initiative, enacted under Act 7 of 2023 and championed by Governor Josh Shapiro, aims to provide enhanced tax relief to seniors in the state. The expansion means that approximately 175,000 additional Pennsylvanians will become eligible for the property tax or rent rebate, and many of the 430,000 already qualified will see their rebates increase.

Starting in mid-January, the Pennsylvania Department of Revenue will begin accepting applications for the rebate program, which applies to all property taxes and rent paid in 2023. Finance expert Michael Ryan highlights the significance of this rebate, likening it to a pleasant surprise that can make a substantial difference for those in need.

Key Changes in 2024:

  • The maximum rebate amount will rise to $1,000, up from 2023’s $650.
  • The income cap for eligibility has been adjusted. Now, renters and homeowners earning up to $45,000 annually can qualify for the rebate. Previously, the cap was set at $35,000 for homeowners and $15,000 for renters.
  • Income caps will now be linked to the cost of living, ensuring that recipients don’t lose eligibility unfairly in the future.

Additional rebates are also available for residents in specific cities like Philadelphia, Scranton, and Pittsburgh. Those earning $30,000 or less and paying property taxes that constitute 15% or more of their income can receive up to $1,500.

Eligibility Criteria:

  • Pennsylvania residents aged 65 and older.
  • Widows aged 50 and older.
  • Individuals with disabilities aged 18 and older.

The deadline for filing for the rebate is December 31, 2023. Secretary of Revenue Pat Browne encourages eligible Pennsylvanians to apply online through myPATH, noting that over 80,000 applicants have already utilized this option.

This expansion comes at a time when inflation remains high, and the economic environment is uncertain. According to Ryan, the increased rebates reflect Pennsylvania’s acknowledgment of the ongoing economic challenges and its commitment to supporting its residents, particularly during these difficult times.

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