If you live in Colorado, you could be getting a nice bonus this year thanks to the TABOR tax refund program. The state is returning extra money from the 2024 fiscal year to eligible taxpayers in 2025. Some households could receive up to $1,130, depending on their income and filing status. Here’s what you need to know about who qualifies, how much you could get, and how to claim your refund.
What Is the TABOR Refund?
TABOR stands for Taxpayer’s Bill of Rights, a rule in Colorado that limits how much revenue the state can keep. When the state collects more money than it is allowed to spend, the extra amount has to be returned to the people. That’s where the TABOR refund comes in.
In 2025, Colorado is sending out refunds based on the money it collected in 2024. The state has announced that it will return around $1.2 billion to residents this year.
Who Will Get the TABOR Refund?
To qualify, you need to file your 2024 Colorado state tax return. Refund amounts are based on your adjusted gross income (AGI) and whether you’re single or married.
Even if you don’t have a Social Security number, you can still qualify using an ITIN (Individual Taxpayer Identification Number).
If you filed your taxes before April 15, 2025, your refund will be processed earlier. If you filed an extension, make sure you file by October 15, 2025, to get your refund.
Non-tax filers who are low-income (like some seniors or people with disabilities) need to submit a PTC application (Property Tax, Rent, Heat Credit) before June 30, 2025.
TABOR Refund Amounts Based on Income
Here are the estimated refund amounts based on income and filing status:
For Single Filers: AGI $0–$53,000: $177
AGI $53,001–$105,000: $240
AGI $105,001–$166,000: $277
AGI $166,001–$233,000: $323
AGI $233,001–$302,000: $350
AGI over $302,000: $565
For Married Couples Filing Jointly: AGI $0–$53,000: $354
AGI $53,001–$105,000: $480
AGI $105,001–$166,000: $554
AGI $166,001–$233,000: $646
AGI $233,001–$302,000: $700
AGI over $302,000: $1,130
How to Claim the TABOR Refund in 2025
Getting your refund is easy if you follow these steps:
File your 2024 state tax return (Form DR 0104) before April 15, 2025.
If you’re applying through the PTC form, make sure to submit it by June 30, 2025.
Double-check your bank details if you chose direct deposit.
Use the Revenue Online portal to track your refund status.
Those who miss the April deadline but file by October 15, 2025 (with an approved extension) will still get their refund after processing.
Refunds will either be sent through direct deposit or paper check, depending on the option you picked during filing.
How Are People Using Their Refunds?
According to a survey by Rocky Mountain PBS, people are using their TABOR refunds in smart ways:
37% are using it to cover essential expenses
34% are putting it toward paying off debt
29% plan to save it
It’s a good idea to use this money to support your financial goals, especially in today’s economy.
The 2025 TABOR tax refund is a helpful financial boost for many Colorado residents. With refunds reaching up to $1,130 for some married couples, it’s a great time to make sure your taxes are filed correctly and on time. Whether you plan to pay off bills, save a little extra, or cover daily expenses, this money can go a long way.
As long as you file your 2024 state return or the PTC form by the deadline, the refund will be sent automatically. So, keep an eye on your bank account or mailbox—it could be on the way soon.
