In 2025, Colorado residents can anticipate receiving Taxpayer’s Bill of Rights (TABOR) refunds ranging from $177 to $1,130 per taxpayer, depending on income and filing status.
These refunds are part of the state’s commitment to returning surplus revenue to taxpayers. Understanding the eligibility criteria, payment amounts, and timelines is essential for residents to ensure they receive their due refunds.
Eligibility Criteria for TABOR Refunds
To qualify for the 2025 TABOR refund, residents must meet the following conditions:
- Age Requirement: Must be at least 18 years old as of January 1, 2024.
- Residency: Must have been a Colorado resident for the entire 2024 tax year.
- Tax Filing: Must file a Colorado state income tax return for the 2024 tax year or apply for the Property Tax/Rent/Heat (PTC) Rebate.
Refund Amounts Based on Income and Filing Status
The TABOR refund amounts vary based on the taxpayer’s adjusted gross income (AGI) and filing status. Below is a breakdown of the refund amounts:
| Adjusted Gross Income (AGI) | Single Filer Refund | Married Filing Jointly Refund |
|---|---|---|
| $0 to $53,000 | $177 | $354 |
| $53,001 to $105,000 | $240 | $480 |
| $105,001 to $166,000 | $277 | $554 |
| $166,001 to $233,000 | $323 | $646 |
| $233,001 to $302,000 | $350 | $700 |
| $302,001 and above | $565 | $1,130 |
Note: The refund amounts are structured to provide higher refunds to higher income levels.
Steps to Ensure Receipt of Your Refund
- File Your 2024 State Income Tax Return: Ensure you file your Colorado state income tax return by the deadline, which is April 15, 2025. Filing by this date is crucial to receive your TABOR refund.
- Opt-In for the TABOR Refund: When filing your state tax return, there will be an option to opt-in for the TABOR refund. Ensure you select this option to receive your refund.
- Provide Accurate Information: Double-check that all personal information, including your current address and banking details, is accurate on your tax return to avoid any delays in receiving your refund.
Payment Distribution Timeline
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TABOR refunds will be distributed along with your state income tax refund. The Colorado Department of Revenue has indicated that refunds can take 7-10 business days after processing to be issued.
It’s advisable to monitor the status of your refund through the state’s online portal or by contacting the department if you experience delays beyond this period.
The 2025 TABOR refunds offer Colorado residents a financial boost, with amounts varying based on income and filing status.
By understanding the eligibility requirements and ensuring timely and accurate tax filings, residents can seamlessly receive their entitled refunds.
Staying informed and proactive in the tax filing process will help maximize the benefits from these refunds.
FAQs
Do I need to apply separately for the TABOR refund?
No separate application is necessary. When filing your state income tax return, ensure you opt-in for the TABOR refund by selecting the appropriate option on the form.
How will I receive my TABOR refund?
The TABOR refund will be issued along with your state income tax refund. If you have provided direct deposit information on your tax return, the refund will be deposited directly into your bank account. Otherwise, a check will be mailed to your provided address.
What is the deadline to file my Colorado state income tax return to receive the TABOR refund?
The deadline to file your 2024 Colorado state income tax return is April 15, 2025. Filing by this date ensures you are eligible to receive the TABOR refund.
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