Colorado TABOR Refund 2025: The Colorado Department of Revenue has officially announced details about the 2025 TABOR refund for the excess revenue collected in the 2023-24 fiscal year. Eligible taxpayers in Colorado will receive a refund based on the revenue collected over the state’s limit, as per the Taxpayer’s Bill of Rights (TABOR). This refund aims to return excess government revenue to taxpayers while ensuring financial accountability.
In this article, we will cover the eligibility criteria, refund distribution methods, expected payout amounts, and the process for claiming the TABOR refund.
Who Qualifies for the Colorado TABOR Refund 2025?
To be eligible for the 2025 TABOR refund, residents of Colorado must meet specific criteria, including:
- Being at least 18 years old at the beginning of the 2024 tax year.
- Having a legal residence in Colorado for the 2023-24 tax year.
- Filing a Colorado state tax return for 2024 before April 15, 2025.
- Not claiming a withholding wage refund in the state tax return.
- Having no outstanding tax obligations from previous years.
For those who miss the April 15, 2025, deadline, an alternative claim period extends until October 15, 2025, for those filing a Property Tax, Rent, or Heat Rebate (PTC).
Colorado TABOR Refund Distribution Methods in 2025
The refund will be distributed in three ways:
- Tax Rate Reduction: The state income tax rate will temporarily decrease from 4.45% to 4.25% for 2024 returns, leading to lower tax liabilities in 2025.
- Six-Tier Refund System: Taxpayers will receive refunds based on their adjusted gross income (AGI) and filing status.
- Property Tax Reimbursement: Funds will be allocated for property tax exemptions for eligible veterans, seniors, and Gold Star spouses. These refunds will be managed by the Colorado Treasury Department.
Colorado TABOR Refund 2025 Amounts
The refund amount will vary depending on income levels and filing status. The following table provides a breakdown:
| AGI Range | Single Filers | Married (Joint Filers) |
| Up to $53,000 | $177 | $354 |
| $53,001 – $105,000 | $240 | $480 |
| $105,001 – $166,000 | $277 | $554 |
| $166,001 – $223,000 | $323 | $646 |
| $223,001 – $302,000 | $350 | $700 |
| Above $302,000 | $565 | $1,130 |
Unlike the 2024 refund, where every taxpayer received $800, the 2025 refund is based on AGI, meaning amounts will differ per individual.
How to Claim the Colorado TABOR Refund in 2025
Taxpayers must follow these steps to ensure they receive their refund:
- File a Colorado State Tax Return: Ensure timely filing by April 15, 2025 to be eligible for the refund.
- Claim the Property Tax/Rent/Heat Rebate: Those eligible for the PTC rebate must file by October 15, 2025.
- Verify Adjusted Gross Income: Refund amounts depend on AGI, so checking tax return details is crucial.
- Ensure No Outstanding Taxes: Any outstanding state tax liabilities may impact refund eligibility.
Key Dates & Important Details
To avoid missing the refund, taxpayers should take note of the following deadlines:
| Event | Date |
| Start of 2024 Tax Year | January 1, 2024 |
| TABOR Refund Eligibility Begins | January 1, 2024 |
| Tax Filing Deadline for Refund | April 15, 2025 |
| PTC Rebate Filing Deadline | October 15, 2025 |
| Expected Refund Issuance | Mid-2025 |
Benefits of the Colorado TABOR Refund
- Tax Reduction: The temporary decrease in tax rates provides savings to all eligible filers.
- Targeted Refunds: The six-tier refund system ensures taxpayers receive amounts based on income levels.
- Property Tax Assistance: Special provisions benefit veterans, seniors, and Gold Star spouses through property tax reimbursement.
FAQs Related To TABOR Refund 2025
Eligible taxpayers can expect refunds in mid-2025 after filing their state tax returns by April 15, 2025.
Yes, as long as you file a state tax return, you may be eligible for a refund, even with zero tax liability.
Taxpayers can verify their refund amount using the Colorado Department of Revenue’s official website or their tax return documents.
