Colorado Tax Refund 2024 Date, Amount, Eligibility, Status & How to claim?

The Colorado tax refund 2024 deadline is April 15, 2024, for the majority of taxpayers. In the spring of 2024, residents of Colorado may anticipate receiving a TABOR refund. The refund for 2024 is $800 for an eligible individual filing alone and $1,600 for two eligible taxpayers filing jointly.

Colorado Tax Refund 2024 Date

Although there are certain exclusions, the majority of taxpayers have until April 15, 2024, to submit their federal and state income taxes for the Colorado tax refund. Within 21 days, if you file online and anticipate receiving a return, your money should come

You are eligible for a $800 Tabor Tax Refund if you are above the age of 18. (If two qualified taxpayers file jointly, the amount is $1,600.) Since we all purchase clothing, personal goods, and a variety of other stuff, all Colorado citizens who dwell there for the whole year 2023 are eligible.

For those who just need to file taxes to get the Tabor Refund, many older adults, especially those with less than $25,000 in income from Social Security or other nontaxable sources, may utilize the simpler Colorado Simplified Individual Income Tax Return form.

Colorado Tabor Refund 2024 Amount

The estimated amount that individuals earning between $51,001 and $104,000 would have gotten was $769, while those making up to $51,000 were scheduled to get $586. The anticipated TABOR payments for individuals filing alone would amount to $800, while those filing jointly would get $1,600. 

Earners exceeding $104,001 will get lower TABOR payments compared to the normal system; the discrepancies will vary from less than $100 to almost $1,000 for the highest earnings. A recent enactment by legislators to boost the earned income tax credit lowers the amount paid in TABOR refunds to an anticipated $800.

Colorado Tax Refund 2024 Date

  • $800: For individual filers.
  • $1,600: For joint filers.

You should submit for two refunds: the property tax/rent rebate and the Tabor refund if you were 65 years of age or older, handicapped, and had 2023 income of less than $18,026 for single filers and $24,345 for married couples who resided in Colorado for the whole year. 

To get both refunds must also be submitted before April 15, 2024. Copies of the form are available at https://tax.colorado.gov.

How to Claim the Colorado Tabor Refund 2024?

In 2024, you may get your Colorado Tabor Refund by following these steps up until April 15, 2024.

  • Visit https://tax.colorado.gov/DR0104 to access the form.
  • Ensure that all essential details are included, along with any accompanying documents or personal files. 
  • Make sure to incorporate the most current statistics, among other things. 
  • Please double-check all of the details before submitting your claim. 

Eligibility for the Colorado TABOR Refund 2024

You must visit the official website to confirm your eligibility. In 2024, you’ll need to fulfill these requirements to get your Colorado TABOR refund:

  • This is the primary prerequisite for getting the reimbursement. You may still get the refund if you didn’t make enough money to file an income tax return by submitting a Personal Tax Credit application before April 15, 2024.
  • be a Colorado resident for a minimum of half of the 2023 tax year. 
  • achieve the minimum age of 18 by January 1, 2024.
  • not have served 180 days or more in prison or been committed to the Department of Human Services during the state fiscal year (July 1, 2023, to June 30, 2024).
  • To be qualified for the TABOR refund, you do not need to have paid any Colorado state income tax.
  • Both spouses must be eligible to receive the entire refund amount ($1,600) if you file a combined tax return.
  • If you filed separately, each person must fulfill the requirements to be eligible for the individual refund ($800).

Check the Tabor Colorado Refund Status 

Using the “Where’s My Refund?” service at https://tax.colorado.gov/where-is-my-return, you may quickly find out the status of your 2024 Colorado TABOR refund from the Colorado Department of Revenue. 

  • Go to the website of the Colorado Department of Revenue.
  • Within the “Refund Resources” section, find the “Where’s My Refund for Individuals” option and click on it.
  • Enter the amount of the refund you claimed on your income tax return for the current year, together with your Social Security number (SSN) or Individual Taxpayer Identification number (ITIN).
  • You may either use a Letter ID number from a recent income tax correspondence from the Department or obtain a letter by clicking the “Request a Letter ID” option on the main page if you are unsure about the refund amount you claimed.
  • To see the progress of your refund, click “Next.”

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