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$1,500 Are Sent to Colorado Residents’ Bank Accounts This Month, January 2023!

$1,500 Payment
$1,500 Payment will be released soon. (Photo: MARCA)

Coloradoans who have issued their 2021 taxes can expect to get cash support before the end of January 2023.

$1,500 Payment

$1,500 Payment will be released soon. (Photo: Investopedia)

The Colorado Cash Back Program will give residents who have filed their 2021 taxes by October 17 with an amount of $750 by the end of January, with qualified couples receiving $1,500. Jared Polis, the Governor of Colorado signed the law on May 23, 2022, to give the money back to taxpayers, with the purpose of the paycheck to an amount of $400 for single or individual filers and $800 for married or joint filers. But the value was raised because of too much state revenue, as attested by the Colorado Department of Revenue.

READ ALSO: $500 Deposit Hit Madison Families Banks!

Qualifications for The Payment

To be qualified for this paycheck, the resident of the Centennial State must be 18 years old by or on the 31st of December. The person must be a resident of Colorado for the whole 2021 income tax year. The resident must have issued a state income tax return for the year 2021 or must have applied for a Property/Rent/Heat Credit Rebate, based on the Department of Revenue.

This paycheck will be arriving by the tip of the month. This will be given to state residents who have filed for an extension. The primary round of paychecks was for people who had filed their 2021 taxes by the 30th of June, which were paid to residents by the 30th of September.

READ ALSO: $1,050 Inflation Relief Checks Given Off To Californians, See If The Cash Will Land On Your Palms!


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