$1700 TABOR Tax Refund in 2025 – Check Eligibility & Payout Details

On: Monday, April 21, 2025 5:02 AM

$1700 TABOR Tax Refund in 2025 – Check Eligibility & Payout Details

$1700 TABOR Tax Refund in 2025: A good news is coming out in the year 2025 for taxpayers living in the US state of Colorado. It is estimated by the state government that eligible taxpayers can get a TABOR tax refund of up to $1700. This refund is part of the excess tax collection of the state government, which has to be returned to the citizens by law. If you also live in Colorado and file taxes, then know in this article how you can be eligible for this tax refund, when and how it will be paid and what things are important to keep in mind.

What is TABOR tax refund?

The full form of TABOR is “Taxpayer’s Bill of Rights”. It is a constitutional provision that was implemented in Colorado in 1992. Its purpose is that if more tax is collected than the tax that the state government has the right to collect, then that surplus amount should be returned to the citizens as a refund.
Every year when the Colorado government’s revenue exceeds a predetermined limit, this excess amount is returned to eligible residents in the form of a tax refund. This process is called TABOR tax refund. The tax collection figures by the government in 2024 are looking positive, based on which the amount of TABOR tax refund is estimated to reach $1700 in the year 2025.

Who will be eligible for TABOR tax refund 2025?

Some necessary eligibility criteria have been set to receive TABOR tax refund. If you meet the below conditions, then you can be entitled to this refund:

$2.4 Billion IRS Relief Explained: Check Eligibility and Apply Easily

Must be a resident of the state of Colorado: You must reside in the state of Colorado during the tax year 2024. Citizens living outside the state will not be eligible for this refund.
Filing a tax return is a must: To receive a refund, you must file a Colorado state individual income tax return (Form DR 0104) by the deadline. If you have not filed a tax return, you will not be eligible for this scheme.
Valid Social Security Number or ITIN: You must have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) to verify your identity and tax records.

What is the estimated amount of TABOR refund in 2025?

Although the amount of TABOR refund depends on each year’s state revenue surplus, the estimated amount for 2025 can be something like this:

If you are married filing jointly, you can get up to about $1700.
If you are a single filer, this amount is likely to be around $850.
Minor changes in the amount are possible, as the final figures are determined when the annual audit report of the State of Colorado is made public.

When and how will the refund be paid?

TABOR tax refunds are usually paid during the summer, i.e. between July and August. This payment can be made in two ways:

Direct deposit: If you have provided bank account information on your tax return form, your refund will be transferred directly to your bank account. This is the fastest and safest method.
Paper check: Those who have not opted for direct deposit will receive a check for the refund amount at their registered mailing address. There may be a delay of a few days.

Do I have to fill a separate application form for TABOR refund?

You do not need to fill a separate application for TABOR tax refund. All you have to do is ensure that you have filed a Colorado state tax return for the year 2024. If you have not completed this process on time, you will not be eligible to get a refund.

How to check tax refund status?

If you want to know where your refund has reached, you can visit the Colorado Department of Revenue website to get information about the status of your refund.

Step by step process:

Visit the website: https://www.colorado.gov/revenue
Click on the “Where’s My Refund” section
Fill in your Social Security Number and tax year information
Press the “Submit” button and view your refund status

$1700 TABOR Tax Refund in 2025 – Check Eligibility & Payout Details

What things to keep in mind?

File tax returns on time and with correct information.
Be careful while filling bank details so that there is no problem in direct deposit.
If you have made any mistake in the return, make corrections immediately.
Keep the address and personal information updated so that the paper check reaches the correct address.

Conclusion:

TABOR Tax Refund 2025 can be a great economic opportunity for residents of the state of Colorado. Amidst rising inflation and daily expenses, this refund will serve as a financial relief. If you meet all the eligibility criteria, do not miss this golden opportunity. File your tax return on time and take advantage of your potential refund of up to $1700. If you find this information useful, share it with other Colorado residents so that they can also take advantage of this facility.

FAQs

Q1. What is the TABOR Tax Refund in Colorado?

A. The TABOR (Taxpayer’s Bill of Rights) Tax Refund is a state-level refund issued by the Colorado government when it collects more tax revenue than a predefined cap. The excess revenue is returned to taxpayers in the form of a refund.

Q2. Who is eligible for the $1700 TABOR refund in 2025?

A. To be eligible, you must be a full-year resident of Colorado for the 2024 tax year and must file a state income tax return (Form DR 0104) for that year. You also need to have a valid Social Security Number or ITIN.

Q3. Do I need to apply separately for the TABOR refund?

A. No separate application is needed. As long as you file your Colorado state tax return for the 2024 tax year on time, you will automatically be considered for the refund.