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Colorado Gov. Jared Polis signed a new bill into law on May 23, 2022 to send eligible taxpayers $750 checks ($1,500 for couples) through Colorado’s cash-back program. bottom.
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Many checks have already arrived in your mailbox, but if you receive a tax return extension through October 17, 2022, the Colorado Department of Revenue and Taxation will allow you to receive cash back checks by January 31, 2023. said there was a need.
The Colorado Cash Back Program is a refund of state revenues collected in excess of the Taxpayer’s Bill of Rights (TABOR) cap. This reimbursement will be based on a tax return or property tax, rent or heating rebate application (PTC Rebate) filed in 2021.
“Many Colorado families are still feeling the economic impact of the pandemic, coupled with the rising cost of living in the state,” said Sarah Burns, director of the Colorado Children’s Campaign’s Family Economic Prosperity Initiative. Speaking to Forbes, Barnes said direct payments are one of the most effective ways to help families in Colorado.
The Colorado Department of Revenue explained that to receive a cashback check, you must meet the following criteria:
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Be 18 years of age or older before December 31, 2021.
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Was a resident of Colorado for the entire 2021 income tax year.
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Filed a 2021 state income tax return or applied for a property tax/rent/heating credit (PTC) refund that year.
The first check was sent to residents who filed taxes before June 30, 2022. These payments were made by September 30, 2022. The second payment is due by January 31st.
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If you are eligible for the cash back program and have not received your check by the end of January, the Colorado Department of Revenue and Taxation has instructed you to complete this form and mail it to the address at the bottom of the form. You can also call the Colorado Cash Back Hotline at 1-303-951-4996.
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This article originally appeared on GOBankingRates.com: Inspiring Payments: Did You Get Your Colorado Cash Back? Call This Number
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