Thanks to new tax credits, hundreds of households will soon receive real estate rebate checks

Citizens of the United States, particularly Pennsylvania, who qualify for the state’s rental and property tax rebate program, will soon have a benefit.

For those who have applied for and pre-approved the rebate program, bonuses will be mailed or delivered via direct deposit in early September.

Who will receive this real estate tax credit?

For those who qualify, bonuses will be 70% of the initial rebate amount and will range from an additional $175 to $455, depending on the applicant’s income. The American Bailout Act will be used to fund one-time bonuses worth about $140 million.

Gettysburg’s Bob Malek contacted ‘News 8 On Your Side’ to tell them about receiving the bonus.

“The Pennsylvania Department of Finance reimbursed me $455, and I can’t for the life of me figure out what that is for,” Malek said.

When is property tax due?

The State Treasury Department got ahead of itself, and direct deposits began at the end of August instead of the scheduled start date of September 1 for these incentive payments. Paper checks and letters from the state explaining the incentive will be distributed in the coming weeks. The Pennsylvania Department of Revenue has provided the following details about the state’s rent and real estate tax refund program:

“The rebate program benefits Pennsylvanians age 65 and older, widows and widowers age 50 and older, and persons with disabilities age 18 and older.

” The income limit is $35,000 a year for homeowners and $15,000 a year for renters, and half of Social Security income is excluded. Spouses, personal representatives, or estates can also file claims at Name of applicants who have lived at least one day in 2021 and meet all other eligibility criteria.

“The maximum standard rebate is $650, but supplemental rebates for eligible homeowners can increase rebates up to $975.”

Applying for the Rent/Property Tax Refund Program and your supplemental refund is still possible. The application is online and is open until December 31 this year.

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