The Colorado Department of Revenue released projections Thursday for how much eligible Coloradans can expect to get from TABOR surplus sales tax refunds in 2025.
The numbers follow a report published in September by the state auditor which shows an excess revenue of roughly $1.4 billion this fiscal year. That number combined with last year’s excess, due in part to the state underpaying refunds, brings the total closer to $1.7 billion. That amount triggers the temporary reduction of the income tax rate, from 4.4 percent to 4.25 percent.
Additionally, eligible Coloradans — people over 18 years old who were residents of the state for all of last year — will receive direct refund checks. Those will be paid on a sliding scale, with people who paid more income taxes getting more back.
| Adjusted gross income ranges | Single filer | Joint filer |
| Incomes up to $53,000 | $177 | $354 |
| $53,001 to $105,000 | $240 | $480 |
| $105,001 to $166,000 | $277 | $554 |
| $166,001 to $233,000 | $323 | $646 |
| $233,001 to $302,000 | $350 | $700 |
| $302,001 and up | $565 | $1,130 |
However, this could be the last boost in TABOR refunds Colorado sees for a while. Earlier this year, lawmakers approved an income tax rate cut for 2026 and 2027 and a large new tax credit for families. Both policies will cut into the amount of money available for refunds in coming years.
