Treasurer Encourages Pennsylvanians to Apply for Expanded Tax Rebate Program

WalletPhoto by Karolina Grabowska on Pexels.com

HARRISBURG, PA — Pennsylvania State Treasurer Stacy Garrity is urging eligible Pennsylvanians to apply for the Property Tax/Rent Rebate Program promptly, as the Treasury Department will start distributing rebates to approved applicants on July 1.

“Many more Pennsylvanians are eligible for the Property Tax/Rent Rebate Program this year because the General Assembly and the Governor made the smart decision to expand the program,” Garrity said. “I encourage everyone who’s eligible to apply as soon as possible. Treasury will start making payments on July 1, which is the earliest we’re able to under the law – and we’ll continue making payments on a rolling basis after that.”

The expansion of the program makes a significant difference for many, particularly older Pennsylvanians and those living with disabilities. The new law increases household income limits for rebates to $45,000 for both homeowners and renters, up from $35,000 and $15,000, respectively. Claimants may exclude half of their Social Security income. Additionally, the maximum standard rebate has increased to $1,000 from $650.

Garrity stressed the importance of first-time applicants applying soon, citing the Department of Revenue’s need for more time to verify new applicant information to combat fraud.

The Property Tax/Rent Rebate Program benefits Pennsylvanians aged 65 and older, widows and widowers aged 50 and older, and people with disabilities aged 18 and older. Some homeowners may qualify for supplemental rebates. The deadline to apply for this year’s rebate is June 30, 2024.

As part of last year’s program expansion, beginning in 2025, the income limits will adjust annually based on the Consumer Price Index for All Urban Consumers (CPI). This adjustment will be calculated by the Secretary of Revenue.

READ:  Pennsylvania Exceeds Revenue Forecasts, Ending Fiscal Year on a High Note

This program plays a vital role in helping vulnerable populations manage their living expenses. For many, property taxes and rent represent significant portions of their monthly budgets. By providing financial relief, the program aims to ease the burden on senior citizens and people with disabilities, allowing them to stay in their homes and maintain a stable living environment.

Moreover, the expansion reflects a broader commitment by the state to support its residents amid rising living costs. Adjusting income limits to reflect inflation ensures that the program remains relevant and effective over time. This proactive measure helps protect the purchasing power of rebates, making sure they continue to provide meaningful assistance.

For more information about eligibility, Pennsylvanians can contact their state legislators, visit the Department of Revenue’s website at revenue.pa.gov, or call 888-222-9190. Applications can also be filed online through the Department of Revenue’s myPATH system.

In summary, the Property Tax/Rent Rebate Program provides essential support to many Pennsylvanians, particularly seniors and those with disabilities. With expanded eligibility and increased rebates, the program is poised to offer even greater assistance. Treasurer Stacy Garrity encourages all eligible residents to apply promptly, ensuring they receive the financial aid available to them.

For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and Microsoft Start.