Treasury sends over $23.5 million in tax refunds for low-income seniors & retirees

By The Star Staff

Treasury Secretary Ángel Pantoja Rodríguez announced on Wednesday the sending of a new payment schedule for $23,577,103 in tax refunds for seniors and retirees, just one week before the start of the tax return filing period.

“Today we are disbursing payments to seniors and retirees for $23,577,103, corresponding to 50,140 tax returns. This schedule, added to the more than $9 million sent last week, brings the total payments to $32,569,051, corresponding to 69,451 tax returns,” Pantoja Rodríguez said in a written statement.

The official emphasized that the rate of filing has exceeded that of the previous year. As of July 9, 82,552 tax returns have been received, 9,374 more than in 2024. By that date last year, 24,604 tax returns had been processed and $11,533,617 in refunds disbursed, while this year, 84 percent of the tax returns filed have already been paid.

Payments will begin to appear in taxpayers’ bank accounts in the coming days. The deadline to file Form 481.1 is Oct. 14, and some 200,000 tax returns are expected to be received.

Pantoja Rodríguez noted that service fairs to assist with tax return preparation continue, having already benefited more than 450 people. He announced that the activities will continue throughout July in different municipalities and will be published on official social media and in conjunction with sponsors.

Attendees must bring photo identification and, in the case of Social Security beneficiaries, the SSA Form 1099 for the year 2024. Upcoming fairs will be held at locations such as Plaza AEELA in Hato Rey (today and Friday, 8 a.m. to 3 p.m.), Antonio Roig Library in Humacao (Monday, July 14, 8 a.m. to 3 p.m.), José Marrón Aponte Coliseum in Aibonito (Thursday, July 17, 8 a.m. to 3 p.m.), and Centro de Bellas Artes in Culebra (Monday, July 21, 8 a.m. to 3 p.m.), among other locations on the island.