Tag: Income-Based Tax Reforms
-
2024 Tax Refund Bonanza: Colorado Families Eligible for Up to $1,694 in Stimulus Update
In 2024, a new Taxpayer’s Bill of Rights (TABOR) may increase tax refunds for Colorado families. This changes the traditional income-based distribution of TABOR reimbursements. Colorado lawmakers prefer equitable payments for everybody. This implies that higher-income beneficiaries will receive smaller refunds than in prior years, while lower-income recipients will receive more. Colorado’s Tax Refund Overhaul:…