$1142 Colorado Tabor Refund 2025: The Colorado TABOR Refund 2025 is making headlines as eligible taxpayers in the state anticipate their share of the surplus. Under the Taxpayer’s Bill of Rights (TABOR), excess revenue collected by the state is refunded to residents, with the 2025 payout reaching up to $1,142 per household. This article will break down who qualifies, when to expect payments, and how to check your refund status.
$1142 Colorado Tabor Refund 2025
| Feature | Details |
|---|---|
| Maximum Refund | Up to $1,142 for joint filers (amount varies by income level) |
| Eligibility | Must be 18+ years old, a Colorado resident for 2024, and have filed a 2024 state tax return |
| Filing Deadline | April 15, 2025 (for standard filers) |
| Payment Method | Direct deposit for e-filers, paper check for others |
| Expected Payment Date | Spring – Summer 2025, processed in batches |
| How to Check Status | Use the Colorado Department of Revenue portal |
The Colorado TABOR Refund 2025 is a great financial benefit for taxpayers, offering up to $1,142 per household. To ensure you receive your refund, file your 2024 tax return on time, select direct deposit for faster processing, and stay updated on your payment status. For official updates, visit the Colorado Department of Revenue website.
What is the Colorado TABOR Refund?
The Taxpayer’s Bill of Rights (TABOR) is a constitutional amendment passed in 1992 that limits how much revenue the state government can collect. Any revenue exceeding the cap must be refunded to taxpayers, unless voters approve an alternative use.
For 2025, Colorado has reported a surplus large enough to provide substantial refunds to qualifying residents. This process ensures taxpayers benefit from state revenue surpluses rather than having them absorbed into government spending.
Eligibility Requirements For Colorado Tabor Refund
To receive a TABOR refund in 2025, you must meet the following criteria:
- Age Requirement: You must be 18 years or older as of January 1, 2024.
- Residency: You must have been a full-time Colorado resident for the entire 2024 tax year.
- Tax Filing: You must file a 2024 Colorado state income tax return (or apply for the Property Tax/Rent/Heat (PTC) Rebate if you are a low-income filer).
How Much Will You Receive From Colorado Tabor Refund?
TABOR refund amounts are determined by your Adjusted Gross Income (AGI) and filing status. Here’s a breakdown of expected refunds:
| Adjusted Gross Income (AGI) | Single Filer Refund | Married Filing Jointly Refund |
|---|---|---|
| Up 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 |
How to Claim Your TABOR Refund
1. File Your 2024 State Income Tax Return
Your Colorado state tax return (Form 104) must be filed before the April 15, 2025 deadline. If you request an extension, you must file by October 15, 2025, though refunds may be delayed.
2. Choose Your Refund Payment Method
- Direct deposit: Available for those who file electronically and provide banking information.
- Paper check: Sent via mail if you file a paper return or do not provide direct deposit details.
3. Check for Errors Before Submission
Incorrect information, such as mismatched names or SSNs, can delay your refund. Double-check all details before submitting your return.
Expected Payment Dates
TABOR refunds are issued in phases. Here’s the expected timeline:
- Early Filers (January – March 2025): Refunds processed by Spring 2025.
- Standard Filers (April – June 2025): Payments begin in Summer 2025.
- Late Filers (July – October 2025): Refunds issued in late 2025.
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How to Check Your Refund Status
To track your TABOR refund:
- Visit the Colorado Department of Revenue website.
- Select the “Where’s My Refund?” tool.
- Enter your details, including SSN or ITIN and the exact refund amount expected.
- Check your status for updates on processing and payment.
FAQs On $1142 Colorado Tabor Refund 2025
1. What if I didn’t earn income in 2024?
If you were a Colorado resident but had no taxable income, you can still qualify by applying for the Property Tax/Rent/Heat (PTC) Rebate.
2. Can I receive my refund via direct deposit?
Yes! If you e-file and provide banking details, your refund will be directly deposited for faster processing.
3. When is the deadline to claim my refund?
You must file your 2024 tax return by April 15, 2025. If you miss this deadline, you have until October 15, 2025, but your refund may be delayed.
4. Can non-residents claim the TABOR refund?
No, only full-time Colorado residents who lived in the state for the entire 2024 tax year qualify.
5. What if I moved out of Colorado in 2024?
If you moved out before the end of 2024, you do not qualify for the refund.
6. How will I know when my refund is issued?
Check your refund status online using the Colorado Department of Revenue’s tracking tool.
