CUT Brochure 2007 qxd - Colorado Union of Taxpayers - coloradotaxpayer-2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by reviewing the introductory section, which outlines the purpose of the brochure and its significance for taxpayers. This will help you understand the context as you fill out any relevant fields.
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The Taxpayers Bill of Rights (TABOR) Amendment was approved by voters in 1992. This amendment to the Constitution of the State of Colorado generally limits the amount of revenue governments in the state can retain and spend. Absent voter approval, it requires excess revenue to be refunded to taxpayers.
Taxpayers Bill of Rights (TABOR) You can claim this years TABOR refund if all of these are true for you: If you were 18 or older for all of 2024. You lived in Colorado for all of 2024. You owe tax on your 2024 Colorado state income tax return, or you are claiming a refund of wage withholding.
Also, Tabor refunds are distributed to taxpayers based on their adjusted gross income: Incomes up to $53,000: $177 for single filers / $354 for joint filers. $53,001 to $105,000: $240/$480. $105,001 to $166,000: $277/$554.
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TABOR refunds will provide an equal refund of $800 for all qualifying taxpayers ($1,600 for two qualifying individuals filing jointly). Certain residents may file a 2023 Property Tax/Rent/Heat (PTC) Rebate Application(opens in new window) by April 15, 2024, in lieu of filing an income tax return.
No TABOR Rebates for Taxpayers for Tax Year 2025 Even 2024s $1.35 billion rebate was docHub. However, in 2025, the state is projected to exceed the Referendum C Cap by just $108 million. Since 2022, weve returned more than $8.5 billion in TABOR rebates, yet we now face $1.1 billion in state budget cuts.