The Internal Revenue Service has again raised the possibility that some taxpayers will need to report Colorado’s state tax refunds as income on their federal returns — and that money could be taxed. Colorado officials are still sussing out what the new guidance, issued Wednesday, will mean for taxpayers who receive refunds of excessive tax collections through the Taxpayer’s Bill of Rights, or TABOR.

BING NEWS:
  • TABOR tax measures on the ballot: Colorado election results 2024
    Voters across the state will decide on exemptions to TABOR — or the Taxpayer Bill of Rights — a Colorado constitutional amendment passed in 1992 that limits the amount of tax revenue the government ...
    11/6/2024 - 1:13 am | View Link
  • In case you missed it: Here's how much of a TABOR refund could be headed your way
    There are three ways the money will be given back to Colorado taxpayers, and the amounts will differ based on income.
    10/22/2024 - 5:06 am | View Link
  • How much Coloradans can expect to receive from TABOR tax refunds
    The Colorado Department of Revenue announced on Thursday how much eligible Colorado residents can expect to receive in TABOR surplus tax refunds in 2025. The Taxpayer's Bill of Rights (TABOR ...
    10/17/2024 - 9:55 am | View Link
  • Here's how much money Colorado taxpayers will get in TABOR refunds in 2025
    The Colorado Department of Revenue announced how much of money taxpayers will get through Taxpayer's Bill of Rights (TABOR) surplus sales tax refunds. This year, single filers will get between $ ...
    10/17/2024 - 6:22 am | View Link
  • How much money will Colorado taxpayers get from TABOR refunds on their 2024 taxes?
    Colorado taxpayers could receive state refunds of up to $1,130 when they file taxes in 2025, depending on their filing status and gross income, state officials said. According to the Colorado ...
    10/17/2024 - 2:29 am | View Link
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