If you’re a Colorado resident, you might be eligible for a significant financial boost this year. The state is issuing Taxpayer’s Bill of Rights (TABOR) refunds in 2025, providing $800 for single filers and $1,600 for joint filers. These refunds are a result of Colorado’s budget surplus from 2024 and are designed to return excess tax revenue to residents. Let’s delve into the details of eligibility, application procedures, and payment schedules.
What Is the $800 Colorado TABOR Refund?
Colorado’s TABOR law mandates that the state return excess tax revenue to residents when collections exceed a cap tied to inflation and population growth. In 2024, the state collected more taxes than allowed, triggering refunds in 2025. Eligible residents can receive:
- $800 for single filers
- $1,600 for joint filers
These refunds are not federal stimulus checks but are state-level payments based on Colorado’s budget surplus.
Who Is Eligible for the $800 Refund?
To qualify for the TABOR refund, you must:
- Be a full-year Colorado resident in 2024
- Be at least 18 years old by January 1, 2025
- File a 2024 Colorado state income tax return or a Property Tax, Rent, Heat Rebate (PTC) application by October 15, 2025
If you meet these criteria, you should receive the refund automatically. No additional application is needed unless you’re applying through the PTC program.
When Will You Receive the Payment?
The timing of your refund depends on when you file your tax return:
- If you file by April 15, 2025: Expect your payment in mid to late April
- If you file after April 15 but before October 15, 2025: Expect your payment within 60 days of your return being processed
Payments will be issued via direct deposit or paper check, depending on your filing method.
How to Apply for the TABOR Refund
To receive your refund:
- File your 2024 Colorado state income tax return by October 15, 2025
- If you don’t file taxes, submit a PTC Rebate application by the same deadline
Ensure your information is accurate to avoid delays.
Why Is This Refund Important?
The TABOR refund provides financial relief to Colorado residents by returning excess tax revenue. It’s especially helpful for those facing economic challenges, offering extra funds to cover expenses.
