Comment on How much money will Colorado taxpayers get from TABOR refunds on their 2024 taxes?

How much money will Colorado taxpayers get from TABOR refunds on their 2024 taxes?

Colorado taxpayers could receive state refunds of up to $1,130 when they file taxes in 2025, depending on their filing status and gross income, state officials said. According to the Colorado Department of Revenue’s Taxation Division, single-filing taxpayers could receive between $177 and $565 in tax refunds under Colorado’s Taxpayer’s Bill of Rights, and joint-filing taxpayers could receive between $354 and $1,130, depending on their gross income bracket. TABOR is a constitutional amendment that caps the state budget and requires tax revenues collected above that to be refunded to taxpayers.

 

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