Colorado Stimulus Check 2024: Check Refund Amount & Eligibility Criteria

Colorado citizens will be able to take advantage of stimulus checks and refunds in 2024, which are intended to offer financial assistance. The 2023 state revenue surplus will result in a $800 TABOR return for Colorado taxpayers in 2024.

The revenue used to fund this return exceeds the cap set by the Taxpayer’s Bill of Rights. There are requirements you must fulfill in order to qualify for the 2024 Colorado TABOR refund, one of which is completing a 2023 Colorado individual income tax return.

Colorado Stimulus Check 2024 Eligibility

  • You have to have lived in Colorado for the majority of the 2023 tax year.
  • By January 1, 2024 (the start of the tax year for which the refund is issued), you must be eighteen years of age or older.
  • For the tax year 2023, you have to have submitted a Colorado income tax return.
  • Even if you had no outstanding state income tax, this still holds true.
  • To be eligible for a TABOR return, you do not need to have any income. Being a US citizen is not required.
  • Each of you is qualified for a separate TABOR refund if you filed jointly with your spouse (amount dependent on filing status).
  • There are certain conditions that must be met before deceased residents can get a TABOR refund.

Colorado Stimulus Check 2024

When You will receive your Colorado Refund Amount in 2024?

  • Normally, refunds are handled 21 days after your tax return is filed.
  • Once the prior year’s tax returns have been filed, TABOR refunds are handled. Individuals must file a Colorado Individual Income Tax Return (DR 0104) by April 15, 2024, in order to be eligible for the TABOR refund.
  • Usually, in October 2024, the deadline for filing a Colorado income tax return for the tax year 2023 is extended.
  • TABOR reimbursements are disbursed by the state following the processing of tax returns.

What is the refund amount?

Colorado citizens will have access to stimulus checks and refunds in 2024, which are intended to provide financial assistance. Colorado has set the TABOR refund for 2024 at $800 for single taxpayers and $1,600 for joint filers.

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