The Department of Revenue (DOR) is administering the following allowable 2024 TABOR refund mechanisms: Tax Rate Reduction — All taxpayers who file a 2024 income tax return will automatically receive the temporary income tax rate reduction from 4.40% to 4.25%.

Eligible Coloradans who fall in the following adjusted gross income ranges will receive: About TABOR The Taxpayer's Bill of Rights (TABOR) Amendment was approved by voters in 1992. This amendment to the Constitution of the State of Colorado generally limits the amount of revenue governments in the state can retain and spend. Absent voter approval, it requires excess revenue to be refunded to taxpayers.

On May 23, 2022, Gov. Jared Polis signed a new law (Senate Bill 22-233) to give Coloradans a tax rebate of $750 for individual filers and $1,500 for joint filers. Under this new law, the Department began sending refunds to Coloradans in August 2022 instead of the spring of 2023.

Individuals who were either incarcerated or committed to the Department of Human Services for 180 days or more during the state fiscal year (July-June) that ended during the tax year are not allowed a sales tax refund.

A qualifying Colorado resident can receive a refund of $800. Two qualifying individuals filing jointly can receive $1,600. ... To receive the Colorado TABOR rebate, an individual must be at least 18 years of age on or before December 31, 2023, ...

TABOR refunds will provide an equal refund of $800 for all qualifying taxpayers ($1,600 for two qualifying individuals filing jointly). Certain residents may file a 2023 Property Tax/Rent/Heat (PTC) Rebate Application by April 15, 2024, in lieu of filing an income tax return.

Under this mechanism, each qualified ... excess state revenues). A qualified individual filing a single return is entitled to one temporary TABOR refund, and 2 qualified individuals filing a joint return are entitled to 2 temporary TABOR refunds....

... To receive the Colorado TABOR refund, an individual must be at least 18 years of age on or before January 1, 2024, be a Colorado resident for the entire 2024 income tax year, and file a Colorado state income tax return for the 2024 income ...

Active Colorado Springs Utilities electric customer accounts will receive the refund on their March (March 1 – 31) bill. *Check if your property is located within City limits by entering your address into the Colorado Springs sales tax address lookup map. Based on the formula in TABOR laws, ...

An individual may claim the sales tax refund by filing an income tax return or a specified assistance grant application by October 15 of the calendar year following the taxable year for which the refund is being claimed. Whether the TABOR refund mechanisms are triggered and, if so, how many ...

October 16, 2024 - Let's not delay the news any longer: Per the forecast from the Colorado Legislative Council, single filers will get an average of $326 while joint filers will get an average of $652 for tax year 2024. Here's how those refunds break down by income level: Yes, there was. Thanks to a new law concerning TABOR refund mechanisms signed earlier this year by Gov.

Revenue collected above the TABOR limit must be returned to taxpayers even if it is needed to cover the increased costs for delivering services. Jefferson County property taxpayers will receive a proportionate share of the approximately $30.5 million refund...

Revenue collected above the TABOR limit must be returned to taxpayers even if it is needed to cover the increased costs of delivering services. All Jefferson County property taxpayers from 2022 will receive their proportionate share of the estimated $39.4 million refund.

October 21, 2024 - TABOR, or the Taxpayer’s Bill ... Colorado residents vote to approve any tax increases. The overages are refunded to Colorado taxpayers. Coloradans will get a TABOR refund for 2024: New audit...

April 19, 2025 - The Colorado state will distribute $1700 refunds in phases from April to June 2025. You will receive your TABOR refund in the same manner as if you chose direct deposit for your 2023 tax refund.

Full-year Colorado residents who are 18 years of age or older all year are eligible to receive the state sales tax refund on their Colorado resident tax return, aka TABOR refund. Full-year resident...

January 26, 2025 - In addition, TABOR refunds are passed onto Colorado residents in other ways outside of the income tax system through property tax exemptions to older adults, veterans with a disability and Gold Star spouses.

October 17, 2024 - Tax refunds are headed to Colorado's taxpayers again in 2025, thanks to TABOR, the Taxpayers' Bill of Rights. The state of Colorado has collected $1.4 billion more in revenue than it is allowed to keep under TABOR, the Office of the State Auditor ...

March 13, 2024 - When Colorado takes in tax revenue beyond the limit, Coloradans who file taxes can expect a refund check in the mail known as TABOR. For the 2023 tax season, eligible taxpayers can expect $800 tax-free.

There is an estimated $6 billion owed to Colorado taxpayers over the next 3 years. Bills introduced during 2024 legislative session would reduce this.