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Are you getting a Colorado Tabor Refund Check?

According to here is some information regarding the Tabor Checks.

Who is eligible for this refund?

Individuals who were 18 years old before Dec. 31, 2021, were a Colorado resident for the entire 2021 income tax year and filed a state income tax return for 2021 qualify for the TABOR refund.

Colorado taxpayers will start to receive Taxpayer’s Bill of Rights return checks in the mail this month. Taxpayers can also find out more information at the Colorado Department of Revenue’s website.

Where is this money coming from?

The money — $750 for individual filers and $1,500 for joint filers — comes from taxes collected by the state that exceed TABOR limits. TABOR refunds happen every time the state collects above that constitutional cap, which is determined by population and inflation.

“Does anybody want the government sitting on your money for 10 months? I don’t think anybody wants that. So, let’s get it back to you, now, when you need it,” Gov. Jared Polis said at a Wednesday press conference.

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Give us a call or stop by one of our branches to get this set up. We want you to have a bright and credit savvy future. Credit Union of Denver is here to help. Now that’s Smart. Like you.

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