How to Get Your 2024 TABOR Refund in Colorado

Thanks to Colorado’s Taxpayer’s Bill of Rights (TABOR), residents will receive a refund when filing their 2024 state income taxes in 2025.

? How to Get It:

• File your Colorado state income tax return (Form DR0104) by the deadline.
• No extra forms are needed — TABOR refund is on line 35 of Form DR 0104.

? How Much Will You Get? Refund amounts are based on your income and filing status. Here’s what to expect:

Single Filers:

• Up to $53K: $177
• $53K–$105K: $240
• $105K–$166K: $277
• $166K–$233K: $323
• $233K–$302K: $350
• Over $302K: $565

Joint Filers:

• Up to $53K: $354
• $53K–$105K: $480
• $105K–$166K: $554
• $166K–$233K: $646
• $233K–$302K: $700
• Over $302K: $1,130

? Bonus: Lower Income Tax Rate The state income tax rate dropped from 4.40% to 4.25% for 2024 — another TABOR win for taxpayers!