If you were planning on using that TABOR check to help top off your vacation budget or help pay some bills, we have some bad news.
Although TABOR is still controversial in Colorado and an arguable factor in the $1.2 billion budget shortfall Colorado currently faces, residents have come to expect a nice chunk of change in recent years as Colorado’s economy flourished, with most single filers receiving $750 for their 2022 taxes and $800 in 2023, and joint filers receiving double those amounts.
As state tax revenue declined in 2024, however, TABOR payments dwindled to $177 for single filers and $354 for joint filers this year, although payments would go up for filers in higher tax brackets.
✍ To learn more, read the full story by Thomas Mitchell at
westword.com (link in bio)
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