Property Tax, Rent and Heat Credit (PTC)
The PTC Rebate application and form instructions are now available in Spanish. Please visit the PTC Rebate web page to learn more. The PTC Rebate is available to Colorado residents base on income including people with disabilities and older adults to help with their property tax, rent, and/or heat expenses.
You may qualify for the PTC Rebate if you are a full-year Colorado resident who is 65 years of age or older, a surviving spouse of 58 years of age or older, or disabled, regardless of age. The rebated amount is based on the applicant's income and expenses.
Pension and Annuity Subtraction for Income Tax Returns
Individuals may be allowed to claim a subtraction on their Colorado Individual Income Tax Return for pension and annuity income included in their federal taxable income. This subtraction is generally limited to $20,000 for taxpayers age 55-64 and $24,000 for taxpayers age 65 or older, but the limit does not apply to social security benefits. Multiple subtractions may not be claimed for the same income. Read the Income Tax Topics: Social Security, Pensions, and Annuities for more information.