Tax rebate 2023: Eligible Pennsylvania residents to receive up to $975 this summer

Pennsylvania residents age 65 and older who qualified for financial relief for their homes or rentals could start to receive their tax rebates in the coming weeks.

Checks from the Property Tax/Rent Rebate program cannot be distributed before July 1 each year, and qualified applicants will see their aid in four to six weeks from the date their claim is approved. This year, checks were disturbed on the first business day of the month, July 3.

BIDEN TAKES NEW ACTION ON JUNK FEES, FOOD PRICES, AND CORPORATE MERGERS

“If they were part of our July 1 distribution, the funds are deposited directly into their bank accounts on that day,” the communications director for the Pennsylvania Department of Revenue told the Washington Examiner. “For the applicants who elected to receive a paper check in the mail, it typically takes a little longer for the rebate to arrive in their mailboxes.”

The rebate is open to all Pennsylvanians 65 years old and up, widows and widowers 50 years old and up, and adults with disabilities.

The rebate amount will depend on income levels, and the maximum standard rebate is set at $650 for homeowners, but supplemental rebates for qualifying homeowners can increase the amount to $975. For renters, the amount is $500 or $650.

Pennsylvanians must meet an income limit of $35,000 for homeowners and $15,000 annually for renters, with half of their income from Social Security excluded.

Recently, Gov. Josh Shapiro (D-PA) proposed an expansion to the Property Tax/Rent Rebate program, increasing the maximum standard rebate from $650 to $1,000. The House passed H.B. 1100 this month, which includes similarities to Shapiro’s proposal and expands the program to 175,000 more Pennsylvanians.

The application deadline is Dec. 31, 2023, and interested individuals can submit their rebate application online through mypath.pa.gov.

Source: Eden Villalovas, Washington Examiner

Previous
Previous

NEW RECORD SET FOR PENNSYLVANIA’S MEDIAN SALES PRICE

Next
Next

Three Questions That Could Make Or Break The Commercial Real Estate Market—and Cities’ Net-Zero Goals