In tough times when the economy is uncertain, many people in the U.S. are hoping for some kind of financial support. While there’s no confirmation of a new $800 federal stimulus check in April 2025, the state of Colorado is bringing some good news. Through a program called TABOR, the state is planning to give out refunds to its residents, which could go up to $1,600 for some.
This is not a federal stimulus, but a state refund coming from Colorado’s budget surplus. It’s expected to be distributed in spring 2025 and could help many families who are still recovering from the effects of the pandemic.
What is the TABOR Refund?
TABOR stands for Taxpayer’s Bill of Rights. It’s a law in Colorado that helps return extra money to the people when the state earns more than expected. If the state collects more money than it needs, that extra amount is returned to the taxpayers. For the 2024 financial year, Colorado has a surplus of nearly $1.4 billion, and this money will be used for the TABOR refunds in 2025.
Who Can Get the TABOR Refund in 2025?
The TABOR refund is not given every year automatically. It only happens when the state’s surplus is large. For 2025, Colorado residents can receive two types of benefits under TABOR:
1. Temporary Income Tax Rate Cut
Everyone who files their 2024 state tax return will enjoy a lower tax rate. The rate will drop from 4.40% to 4.25% just for this year.
2. Sales Rebate Payment
People who lived in Colorado all through 2024 and file their 2024 state tax return (or submit a Property/Rent/Heat Tax Rebate form called PTC) before October 15, 2025, can receive a direct payment.
How Much Can You Get?
The exact amount will depend on your income and other personal details. Here’s a basic idea:
- If you’re filing jointly with a partner, you could get up to $1,600.
- If you’re filing alone, your refund will be less.
What Are the Requirements?
To be eligible for the TABOR refund in 2025, you must:
- Have lived in Colorado for at least half of 2024.
- Be 18 years old or older by January 1, 2025.
- File your 2024 state income tax return or apply for the PTC rebate by April 15, 2025.
How to Apply for the TABOR Refund
To get your refund, you must apply online through the Colorado Department of Revenue website. You’ll need to:
- Fill out the required form,
- Upload the correct documents,
- Double-check all information before submitting.
Once approved, you’ll receive your refund in 2025, most likely during the spring months.
The TABOR refund is a big relief for many Colorado residents in 2025. Even though it’s not a federal stimulus check, the refund can help ease the pressure of rising prices and financial struggles. With a maximum of $1,600 available for joint filers, this program proves how helpful state-level support can be. If you qualify, make sure to file your taxes or rebate application on time so you don’t miss out on this money.
