Stimulus update: Direct payments worth up to $1,500 getting sent to Colorado taxpayers in 12 days
Asher Notheis
Video Embed
Colorado residents only need to wait 12 more days before they receive a tax rebate of up to $1,500, given that they filed their 2021 taxes.
This payment, scheduled for Jan. 31, will be for state residents who filed for an extension of their 2021 taxes. Any residents of the Centennial State who filed their taxes by Oct. 17 will get $750 from the Colorado Cash Back program. Eligible couples will get $1,500, according to the state’s Department of Revenue.
BATTLING BIG TECH’S ADVERTISING MONOPOLY
Gov. Jared Polis signed a law in May to return money to taxpayers and originally intended for the payment to be $400 for individual filers and $800 for couples, but due to additional state revenue, the amount recipients will receive has been increased, according to the state’s Department of Revenue.
To be eligible for this payment, Colorado residents must have been 18 years old by or on Dec. 31, 2021, been residents of Colorado for the entire 2021 income tax year, and filed a state income tax return for 2021 or applied for a Property Tax/Rent/Heat Credit Rebate.
The first round of these payments from the program was paid to residents by Sept. 30 of last year. It was for recipients who had filed their 2021 taxes by June 30.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
This payment is different from the Great Colorado Payback program, which is a program from the Department of the Treasury to help state residents locate their unclaimed property. The Colorado Cash Back program is a one-time refund of state revenue.
Additional information regarding this payment can be found on the Colorado Department of Revenue’s website.