The TABOR refund is a welcome bonus that Colorado residents can anticipate in 2025. You’re in the right place if you’re wondering how much you’ll receive, who is eligible, and what the future holds for these refunds. Let’s dissect everything.
Describe the TABOR Refund
The Taxpayer’s Bill of Rights, or TABOR, is a 1992 Colorado law. It restricts the amount of money that the state government can retain. The extra money is returned to the taxpayers if the state collects more than it is permitted to spend. We refer to that reimbursement as the TABOR refund.
Who Can Receive the TABOR Refund in 2025?
In order to get the 2025 reimbursement, you must
to meet these basic requirements:
Be a full-year Colorado resident in 2024
Be 18 or older as of January 1, 2025
File a 2024 Colorado income tax return on or before April 15, 2025
If you meet these criteria, you’re good to go — no separate application is needed!
What Will You Receive?
The 2025 TABOR refund is based on income levels, in contrast to the flat refunds of previous years. For single and joint filers, the following breakdown is provided: Please take note that these are estimates and may vary slightly depending on actual revenue figures.
How Will the Refund Be Sent to You?
Simply file your 2024 state income taxes; there is nothing special for you to do. Should you qualify, the reimbursement will either: be included in your state tax reimbursement. or be delivered separately as a paper check or direct deposit.
When Can I Expect My Refund?
Depending on when they file, the majority of people will begin receiving their TABOR refunds in late March to June 2025.
Early filing?
Your refund will probably arrive sooner. Filed near the due date? Later in the summer, you should expect your refund. The official Colorado Department of Revenue website allows you to monitor the status of your refund. —
What About Refunds After 2025?
The 2025 TABOR refund might be the final significant reimbursement for some time. Refunds are anticipated to decline sharply
beginning with the 2025 tax year (filed in 2026): About $41 for single filers Joint filers: approximately $82. New laws that reroute surplus funds to property tax relief, child tax credits, and other state programs are to blame for this decline.
Common Errors to Steer Clear of The following advice will help you make sure you receive your refund: Even if you have a low income, you should still file your taxes. When you return, confirm your residency status. Use only official government resources to avoid refund scams.
Commonly Asked Questions (FAQs)
Q1: Do I have to submit a separate application for the TABOR refund?
No. The refund is automatic if you meet the eligibility requirements and file your 2024 Colorado state income tax return.
Q2: What happens if I have no outstanding state taxes?
Will my refund still be issued? Indeed! Your income and residency status determine the amount of your refund, not how much you owe or receive back.
Q3: What would happen if I didn’t spend the entire year in Colorado in 2024?
Only residents who live there for the entire year are eligible. You will not be eligible for the 2025 TABOR refund if you moved during the year.
Q4: I receive Social Security as a senior. Am I qualified?
Yes, even if Social Security accounts for the majority of your income, if you were a full-year resident in 2024 and filed your taxes.
Q5: How can I find out how my TABOR refund is progressing?
If more than 30 days have passed since you filed, check Colorado’s Refund Status Tool or give 303-238-7378 a call.
Concluding remarks One special advantage for Colorado taxpayers is the TABOR refund. Refunds in 2025 will still have significance, but state changes could alter the program’s future.