Colorado residents who filed their 2021 taxes will have to wait just under three weeks before receiving additional money thanks to the tax refund.
Colorado taxpayers who filed their 2021 taxes by October 17th will receive $750 by January 31st from the state’s cashback program. Colorado will award $1,500 to eligible couples. Colorado Gov. Jared Polis signed the Funds Returned to Taxpayers Act in May, originally slated to pay out $400 to single applicants and $800 to couples. According to government revenue, the amount received by the recipient increases the state tax office.
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To be eligible for this payment, a Colorado resident must be 18 years old as of December 31, 2021, remain a Colorado resident for the entire 2021 income tax year, and file a 2021 state income tax return. or have applied for real estate. Tax refund/rent/heating deduction, according to the Ministry of Finance.
January’s 31 is for state residents who have applied for an extension. The first round of payments was for those who filed their 2021 taxes by June 30 and paid residents by September 30 last year.
If the recipient owes money to a government agency, such as a government agency, the amount the recipient receives from this rebate is reduced. B. Child support or unpaid traffic ticket.
This payout is different from the Great Colorado Payback Program. This is a Treasury Department program designed to help state residents find unclaimed property. The Colorado Cash Back Program is a one-time refund of government revenue.
For more information on this payment, please visit the Colorado Department of Revenue website.