The Colorado Department of Revenue announced on Oct. 17 how much eligible Coloradans can expect to receive in Taxpayer’s Bill of Rights (TABOR) surplus sales tax refunds in 2025.
Eligible Coloradans whose adjusted gross income is up to $53,000 will receive $177 as a single filer and $354 as joint filers.
Eligible Coloradans whose adjusted gross income ranges from $53,001 to $105,000 will receive $240 as a single filer and $480 as joint filers.
Those whose adjusted gross income ranges from $105,001 to $166,000 will receive $277 as a single filer and $554 as joint filers.
Those whose adjusted gross income ranges from $166,001 to $233,000 will receive $323 as a single filer and $646 as joint filers.
Eligible Coloradans whose adjusted gross income is $302,001 and up will receive $565 as a single filer and $1,130 as joint filers.
About TABOR
The TABOR Amendment was approved by voters in 1992. This amendment to the Colorado Constitution generally limits the amount of revenue governments in the state can retain and spend. Absent voter approval, it requires excess revenue to be refunded to taxpayers. TABOR also requires voter approval for certain tax increases.
The state TABOR revenue limit is generally equal to the prior fiscal year’s limit plus the rate of inflation and population growth in Colorado, subject to a voter-approved floor.
For more information, visit Tax.Colorado.gov/TABOR.
>