Have you received a property tax/rent rebate? If so, then this is important to know.
A property tax/rent rebate claimant who received the maximum standard rebate of $650 for the 2021 claim year will receive an additional one-time bonus rebate of $455 (70% of the original rebate). Under this example, the claimant will have received a grand total of $1,105 between the standard rebate and the one-time bonus rebate.
Qualifying homeowners also may receive a supplemental rebate that will boost their rebate to a maximum of $975. If a claimant received the $975 maximum rebate for the 2021 claim year, their one-time bonus rebate will be $682.50 (70% of the original rebate including the supplemental amount). In this example, the claimant will have received a grand total of $1,657.50 for the 2021 claim year.
This credit is only available for PA residents who are over 65 of age or disabled, plus there are income limits involved.
If you have additional questions, please contact your local tax professionals at Meadville Tax Service for a free consultation at 814-333-2488 or email@example.com.