Colorado’s 2025 TABOR Refunds Are Coming — Here’s How Much You’ll Get

Colorado’s 2025 TABOR Refunds Are Coming: Coloradans, get ready! Colorado’s 2025 TABOR refunds are on their way, and whether you’re a teacher, tech worker, retiree, small business owner, or college student, chances are good that you’ll be receiving a little extra cash in your pocket next year. These refunds, stemming from the Taxpayer’s Bill of Rights (TABOR), are one of the most unique and often misunderstood elements of Colorado’s tax system. But don’t worry—we’re breaking it all down so you can confidently know what to expect.

Understanding TABOR is not just about knowing how much money you might get back—it’s also about understanding the broader impact on state finances, government services, and your household budget. Whether you’re new to Colorado or a long-time resident, this guide is designed to help you make the most of your refund.

Colorado’s 2025 TABOR Refunds Are Coming

Colorado’s 2025 TABOR refunds offer a practical way for residents to benefit directly from the state’s strong fiscal performance. From working professionals and retirees to college students and stay-at-home parents, almost everyone who lived in Colorado for all of 2024 stands to gain.

The refund structure favors those who file correctly and on time. With a little planning and awareness, you can ensure you get your maximum eligible refund—without stress or delay. As future refunds are expected to shrink, it’s a good idea to take full advantage of this year’s more substantial payout.

What Is TABOR and Why Does It Matter?

The Taxpayer’s Bill of Rights (TABOR) is a constitutional amendment passed by Colorado voters in 1992. Its primary goal is to limit the amount of revenue the state government can collect and spend. If Colorado collects more money than the allowable amount (based on a formula tied to inflation and population growth), the excess must be refunded to taxpayers.

This means that in years when the state economy performs well and tax revenues exceed expectations, Coloradans are entitled to get some of that money back. This system creates both opportunities and challenges—while residents may enjoy periodic refunds, it can also limit the government’s ability to invest in public services like education and infrastructure.

How Does TABOR Calculate Refunds?

The calculation behind TABOR refunds might seem complicated, but it’s essentially based on a formula that considers inflation rates and population growth. When revenues surpass this calculated cap, the overage is redistributed to taxpayers.

Notably, in some years voters have approved measures that allow the state to keep the surplus (a process known as “de-Brucing,” named after TABOR author Douglas Bruce). However, for 2025, the surplus exceeded limits without voter approval, and that means refunds are guaranteed.

How Much Will You Get in 2025?

The 2025 TABOR refund is designed to be income-tiered, meaning the amount you receive depends on your income level and filing status. This differs from recent years (like 2022 and 2023), where all taxpayers received flat-rate refunds regardless of income.

Refund Amounts for Single Filers

• Up to $53,000: $177
• $53,001 to $105,000: $240
• $105,001 to $166,000: $277
• $166,001 to $233,000: $323
• $233,001 to $302,000: $350
• Over $302,001: $565

Refund Amounts for Joint Filers

• Up to $53,000: $354
• $53,001 to $105,000: $480
• $105,001 to $166,000: $554
• $166,001 to $233,000: $646
• $233,001 to $302,000: $700
• Over $302,001: $1,130

These figures are current as of spring 2024 and may be adjusted slightly later in the year as final revenue numbers become available. You can always verify updated refund amounts via the Colorado Department of Revenue’s TABOR refund page.

Who Qualifies for the 2025 TABOR Refund?

To receive a TABOR refund in 2025, you need to meet all of the following criteria:

• Be a full-year resident of Colorado in 2024.
• Be 18 years or older on or before January 1, 2025.
• File a Colorado state income tax return for 2024, or apply for the Property Tax, Rent, Heat (PTC) Rebate program if you don’t have taxable income.

Pro Tip: The PTC Rebate is especially helpful for seniors, individuals with disabilities, and low-income residents. You can apply for it even if you have no income, as long as you meet the residency and age qualifications. Learn more about the program here.

Colorado’s 2025 TABOR Refunds Are Coming Claim Your TABOR Refund

Claiming your refund is easier than you might think. Just follow these three simple steps:

• File Your 2024 Colorado Income Tax Return: The most important part is filing your taxes. Even if you owe nothing or aren’t usually required to file, doing so ensures you receive any refund you’re entitled to. The deadline to file is October 15, 2025.
• Choose Direct Deposit (If Possible): When you file your return, opt for direct deposit to receive your refund faster. Paper checks are available but take more time to process and mail.
• Track Your Refund: Once your return is filed, you can track your refund using the Colorado Revenue Online portal. This tool helps you stay informed about your payment status and estimated arrival.

Bonus Tip: Filing early in the season means you could receive your refund in the spring, instead of waiting until summer or fall.

When Will You Receive Your Refund?

Timing depends on when you file your return:

• File by April 15, 2025: Expect your refund in mid to late April.
• File between April 16 and October 15, 2025: Your refund should arrive within 60 days of processing.

Make sure your contact information, including your mailing address and banking details, is accurate to avoid delays.

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TABOR Refunds in the Future: What to Expect

While 2025 offers relatively generous refunds, this isn’t guaranteed to continue. Due to legislation passed in recent years, many of the excess revenues Colorado collects will be directed toward specific initiatives, including public education funding, housing assistance, and tax credit programs for low- and middle-income families.

In fact, the projected refund for 2026 is significantly lower:

• Single filers: $41
• Joint filers: $82

This uniform structure indicates a shift toward more equitable but smaller refunds. Future refund amounts will depend on a mix of economic performance, legislative decisions, and voter-approved ballot measures.

FAQs On Colorado’s 2025 TABOR Refunds Are Coming

1. Do I need to apply separately to get my TABOR refund?

No. If you file your 2024 Colorado income tax return or the PTC rebate application, you’ll automatically be considered.

2. Are TABOR refunds taxable?

In most cases, TABOR refunds are not taxable at the federal level. However, the IRS has provided different guidance in different years, so it’s wise to consult a tax professional.

3. What if I moved to another state during 2024?

You must be a full-year resident of Colorado to be eligible. If you moved in or out partway through the year, you likely won’t qualify.

4. What if I didn’t earn income in 2024?

You may still qualify through the PTC Rebate program if you meet age, income, and residency requirements.

5. How can I make sure I don’t miss my refund?

File early, choose direct deposit, and regularly check your status online. Also, ensure all personal info on your tax return is current and correct.