In the state of Colorado, more than 70% of taxpayers have already received their stimulus check in the form of a tax refund from the TABOR program for an amount of up to $1,300.

The checks began to be issued starting in October of this year, and the first to receive them were taxpayers with early or online returns, the The majority of people who received the refund were those who opted for direct payments on their tax return, indicating a difference in the process compared to those who chose paper checks. Although the refund check aims to reach the entire population, there are a number of requirements that must be met to receive it: Refund amounts range from $177 to $1,300 depending on the taxpayer's reported income for the 2024 tax year. The TABOR program is a tax mechanism established in 1992 that constitutionally obligates the state to refund taxpayers whose income exceeds the adjusted spending limit each year. This year, the distribution is expected to reach $293.3 million, coming from a fiscal surplus from the 2024 economic activity. Finally, taxpayers who have not yet received their refund by November, despite meeting all requirements, must be in one of the phases of the distribution process: data verification, refund approval, or check issuance. For more information, please visit https://tax.colorado.gov/TABOR.