Tax rebates 2023: Colorado taxpayers getting up to $1,500 in 26 days

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Tax rebates 2023: Colorado taxpayers getting up to $1,500 in 26 days

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There is a little less than a month before Colorado residents who filed their 2021 taxes receive some extra money.

The Colorado Cash Back program will give taxpayers who filed their 2021 taxes by Oct. 17 $750 by Jan. 31. Eligible couples will get $1,500.

Gov. Jared Polis signed the law in May to return money to taxpayers and originally intended for the payment to be $400 for individual filers and $800 for couples. However, the amount was increased due to excess state revenue, according to Colorado’s Department of Revenue.

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This payment arriving by the end of the month will be for state residents who filed for an extension. The first round of payments was for people who had filed their 2021 taxes by June 30 and was paid to residents by Sept. 30.

To be eligible for this payment, Colorado residents must have been 18 years old by or on Dec. 31, 2021, have been residents of Colorado for the entire 2021 income tax year, and have filed a state income tax return for 2021 or applied for a Property Tax/Rent/Heat Credit Rebate, according to the Department of Revenue.

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If a taxpayer who is eligible to receive this payment owes money to a government agency, such as child support or unpaid parking tickets, the rebate amount will decrease.

Additional information regarding this payment can be found on the Colorado Department of Revenue’s website.

© 2023 Washington Examiner

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