Colorado Residents Will Receive New Stimulus Check As Soon As Next Week – Colorado residents are set to receive one-time tax rebate checks worth $750 for individuals and $1,500 for joint filers as soon as next week.
Under the Colorado Cashback tax rebate scheme, residents who have filed their latest state tax return should expect to receive the payments anywhere from next week, up until September 30 of this year.
For those who qualify for the rebate and wait to file their 2021 tax return – at least before the deadline of October 17, 2022 – the tax rebate will be used by January 31, 2023.
New ‘Stimulus Checks’: Fulfilling A Promise From June
Colorado Governor Jared Polis announced the new round of tax rebates – or stimulus checks – on June 21. The governor said that the rebates would be made available in late August, courtesy of a clause within the Colorado Taxpayer Bill of Rights, known as TABOR, which grants authority to the state legislature to refund taxpayers with excess tax revenue.
At the time, Polis praised the plan and expressed his pride in the state of the national and state economy.
“It’s a weird time because our economy is doing so well, and yet everybody is feeling the pressure of increased prices,” the governor said. “And so the fact that we’ve done so well has allowed us to increase the amount of this refund.”
The governor’s comments appeared contradictory – and with the news that GDP fell by 0.9% in the second quarter of 2022, meaning the United States is technically in a recession, Polis’ comments seem even more bizarre just six weeks later. Nonetheless, residents are likely to welcome the refunds after inflation hit 9.1% in June, a new peak and the highest in forty years.
Stimulus Check: Do You Qualify?
To qualify for the rebates, residents must have been at least 18 years of age on December 31, 2021. Eligible recipients must also have been full-year residents of the state of Colorado in 2021, meaning they must have legally lived in the state for the entire year.
Recipients must have also filed a state income tax return for the 2021 tax year on or before June 30, 2022 – or by the October 17 extension deadline, or qualify for the Property Tax/Rent/Heat Credit Rebate for the 2021 grant year before June 30, 2022.
More information about the rebates, including answers to frequently asked questions, can be found on the Colorado Department of Revenue website.
Jack Buckby is a British author, counter-extremism researcher, and journalist based in New York. Reporting on the U.K., Europe, and the U.S., he works to analyze and understand left-wing and right-wing radicalization, and reports on Western governments’ approaches to the pressing issues of today. His books and research papers explore these themes and propose pragmatic solutions to our increasingly polarized society.