Colorado taxpayers could be in for a financial boost thanks to the state’s Taxpayer’s Bill of Rights (TABOR) refund. Eligible residents may receive up to $1,600, but they need to act fast to ensure they claim their money before the deadline.
Under the TABOR refund program, single filers are entitled to $800, while joint filers can receive $1,600. To qualify, you must meet the following requirements:
- Be at least 18 years old by December 31, 2023
- Have lived in Colorado for the entire 2023 tax year
- File a Colorado state income tax return or a Property Tax/Rent/Heat (PTC) Rebate application
Key Deadlines to Remember
Filing your tax return on time is essential to receiving the TABOR refund. The deadlines are:
- April 15, 2024 – If you are not required to pay state income tax but still want to claim your refund
- October 15, 2024 – If you owe state income taxes or are claiming a refund from withheld wages
Residents with incomes under $25,000 should consider filing the DR0104EZ form by April 15, 2024, to make the process easier.
How to Claim Your TABOR Refund
Claiming your refund is simple! Just ensure you file your Colorado state tax return or PTC Rebate application before the applicable deadline. The Colorado Department of Revenue will process your return and send out payments accordingly.
For those who need assistance filing, tax help is available through local community organizations and online resources.
Final Reminder
If you qualify for the TABOR refund, don’t leave money on the table! File your tax return before the deadline to secure your payment. With up to $1,600 available, this refund could be a game-changer for many Colorado residents.
Would you like help finding tax assistance programs in your area? Let me know!
