Tag: TABOR Equalized Payments
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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:…