Stimulus update: Colorado residents will see $1,500 direct payments by Jan. 31

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Stimulus update: Colorado residents will see $1,500 direct payments by Jan. 31

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Colorado taxpayers will see a direct payment of up to $1,500 by the end of January.

Every state resident who filed taxes before June 30 will receive a Colorado Cash Back/TABOR refund check of $750 for individuals and $1,500 for joint filers due to Colorado’s Taxpayer’s Bill of Rights.

STIMULUS UPDATE: DEADLINE TO CLAIM TAX REBATES WORTH $600 IN IDAHO IN 29 DAYS

The law states that Colorado cannot spend more taxpayer money than it generates.

The Colorado Cash Back website stipulates that Gov. Jared Polis (D-CO) signed Senate Bill 22-233 in the summer so taxpayers could receive their checks that summer. However, many residents, particularly those who filed by the Oct. 17 extension, haven’t received their checks as of yet.

Colorado Treasurer Dave Young assured those worried about their checks that their money will come. The problem is that they are printing so many checks the printer can’t keep up with the demand, Young said.

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“I think they are printing about 250,000 a day,” Young told Fox 21 News. “So when you think about the number of checks going out, people will have to be patient, but the goal is to get them out by the end of August. We’ve been telling people, if you haven’t seen it by the end of September, you should get on the Colorado Cash Back program website and find the number and make a call.”

Taxpayers who received an extension to file by Oct. 17 should receive their checks by Jan. 31, 2023.

© 2022 Washington Examiner

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