Colorado taxpayers could receive state refunds of up to $1,130 when they file taxes in 2025, depending on their filing status and gross income, state officials said.
According to the , single-filing taxpayers could receive between $177 and $565 in tax refunds under Colorado’s Taxpayer’s Bill of Rights, and joint-filing taxpayers could receive between $354 and $1,130, depending on their gross income bracket.
TABOR is a constitutional amendment that caps the state budget and requires tax revenues collected above that to be refunded to taxpayers. In fall 2022, taxpayers received $750 in refunds via direct checks; for tax year 2023, $800 per taxpayer was paid out through the typical tax-filing process this past spring.
2024 TABOR refunds will arrive in 2025, state officials said.
Single filers will receive:
- $177 for gross incomes of up to $53,000;
- $240 for gross incomes between $53,001 and $105,000;
- $277 for gross incomes between $105,001 and $166,000;
- $323 for gross incomes between $166,001 and $233,000;
- $350 for gross incomes between $233,001 and $302,000;
- $565 for gross incomes of $302,001 and above.
Joint filers will receive:
- $354 for gross incomes of up to $53,000;
- $480 for gross incomes between $53,001 and $105,000;
- $554 for gross incomes between $105,001 and $166,000;
- $646 for gross incomes between $166,001 and $233,000;
- $700 for gross incomes between $233,001 and $302,000;
- $1,130 for gross incomes of $302,001 and above.
This year’s state tax refund could be the last big one for a while.
After the 2024 tax year, an anticipated softening of economic conditions, tighter budget forecasts and recent changes to state law could decrease state refunds due under Colorado’s TABOR.
