Gov. Jared Polis urged Coloradans on Monday to file their taxes by the end of the month in order to receive at least $500 by September.
Residents who file state taxes before June 30 should receive $500 for single filers and $1,000 for joint filers through the “Colorado Cashback Rebate” – a 2023 Taxpayer Bill of Rights Rebate Expedition, reimbursing up to 85% of the state surplus. revenue collected last year.
“We are providing immediate relief, putting money back into the pockets of hard-working Coloradans to help pay for everyday items,” Polis said. “Anyone who deposited before June 30 will get the rebates over $500 or $1,000 this summer.”
Polis said 3.1 million Coloradans will receive the refund directly by mail in August or September. If they deposit after June 30 but before the extended deposit deadline of October 17, they will receive their check in January.
Every full-time Colorado resident who was at least 18 years old on December 31, 2021 can file a tax return to claim the refund even if they had no taxable income. Taxpayers will receive equal payments regardless of income.
To verify or update the address to which rebate checks will be sent, residents should visit colorado.gov/revenueonline. For more information on Colorado Cash Back, visit tax.colorado.gov/cash-back.