How much money will Colorado taxpayers get from TABOR refunds on their 2024 taxes?

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Colorado taxpayers could receive state refunds of up to $1,130 when they file taxes in 2025, depending on their filing status and gross income, state officials said.

According to the Colorado Department of Revenue’s Taxation Division, single-filing taxpayers could receive between $177 and $565 in tax refunds under Colorado’s Taxpayer’s Bill of Rights, and joint-filing taxpayers could receive between $354 and $1,130, depending on their gross income bracket.

TABOR is a constitutional amendment that caps the state budget and requires tax revenues collected above that to be refunded to taxpayers. In fall 2022, taxpayers received $750 in refunds via direct checks; for tax year 2023, $800 per taxpayer was paid out through the typical tax-filing process this past spring.

2024 TABOR refunds will arrive in 2025, state officials said.

Single filers will receive:

  • $177 for gross incomes of up to $53,000;
  • $240 for gross incomes between $53,001 and $105,000;
  • $277 for gross incomes between $105,001 and $166,000;
  • $323 for gross incomes between $166,001 and $233,000;
  • $350 for gross incomes between $233,001 and $302,000;
  • $565 for gross incomes of $302,001 and above.

Joint filers will receive:

  • $354 for gross incomes of up to $53,000;
  • $480 for gross incomes between $53,001 and $105,000;
  • $554 for gross incomes between $105,001 and $166,000;
  • $646 for gross incomes between $166,001 and $233,000;
  • $700 for gross incomes between $233,001 and $302,000;
  • $1,130 for gross incomes of $302,001 and above.

This year’s state tax refund could be the last big one for a while.

After the 2024 tax year, an anticipated softening of economic conditions, tighter budget forecasts and recent changes to state law could decrease state refunds due under Colorado’s TABOR.

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