Deadline for $800 and $1,600 stimulus checks is approaching – If you live in this state, check your tax information to apply for your tax refund

If you are a Colorado resident and have not yet claimed your TABOR stimulus refund, time is running out. Eligible taxpayers can receive $800 for single filers and $1,600 for joint filers, but you need to meet the upcoming deadline. Here are the features of this program and the procedure of applying for it in detail.

What is the TABOR stimulus refund?

Each year, residents of Colorado receive a sales tax rebate called the TABOR refund (Taxpayer’s Bill of Rights).This program ensures that when the state collects more revenue than it is allowed to spend, the surplus will be refunded to the citizens.

For 2023:

• Single taxpayers are eligible for $800.
• Married couples filing jointly can receive up to $1,600.

If you filed your state income taxes this year, your TABOR refund will be automatically included with your tax refund. However, if you have not yet filed, there is still a chance to claim it.

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How to know if you are eligible for the refund

To qualify for the TABOR stimulus refund, you must:

• Be a resident of Colorado.
• File your state income taxes for the applicable year (2023 in this case).
• Meet any income or filing status requirements set by the Colorado Department of Revenue.

If you are unsure about your eligibility, you can check with your local tax authorities or visit the Colorado Department of Revenue’s website.

What is the deadline to claim the stimulus refund?

The deadline to receive the TABOR refund is the last day of December 2024.  Additionally, if you missed the regular tax filing deadline earlier this year, you might still be able to submit your information and claim any refunds you are owed. Reach out to Colorado’s tax office for guidance on how to proceed.

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How to apply for the TABOR refund

In order to receive your TABOR refund, remember to comply with the following steps: 

• Have a look at the Colorado Department of Revenue: This is the official website where you will include all your details.
• Complete the applicable forms: Make sure that all your information is correct and current.
• Provide necessary evidence: This can be income evidence or proof of residence.
• Submit your application: Ensure that you have reviewed your application before submission to reduce chances of delays in processing. 

If you filed for your state income taxes for 2023, you need not worry about asking for a TABOR refund since it will be part of your tax refund. This time around, it will be one refund without a separate check as in last year’s issuance.

Why the TABOR refund matters for Colorado residents

This program is a direct benefit of the Taxpayer’s Bill of Rights, which was passed by voters in 1992. It ensures that excess revenue is returned to taxpayers, even when the funds could be used for state services.

By claiming your refund, you are taking advantage of a program designed to benefit Colorado residents. Do not miss out on what could be a significant boost to your finances.

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