Families across Colorado are set to receive $2,900 tax refunds as part of a new statewide initiative to provide financial relief during 2025. With inflation and rising costs affecting household budgets, this refund is targeted at low- to middle-income families to help with essentials like rent, groceries, childcare, and healthcare. The Colorado Department of Revenue is handling the distribution, and eligible households may begin receiving payments as early as mid-July 2025.
Who Is Eligible for the $2,900 Refund?
To qualify, you must be a Colorado resident, have at least one dependent under the age of 18, and meet the income criteria based on your 2024 tax return. Single filers must have earned $75,000 or less, while joint filers must earn $150,000 or less. You must also have filed your state and federal tax returns for 2024 before the extended deadline of May 15, 2025.
| Eligibility Factor | Requirement |
|---|---|
| Residency | Colorado resident |
| Dependents | At least one child under 18 |
| Income Threshold | ≤ $75,000 (single) / ≤ $150,000 (joint) |
| Tax Filing Status | Filed 2024 state and federal tax returns |
| Payment Method | Direct deposit or mailed paper check |
How to Check Your Payment Status
Families can track their refund status through the Colorado Revenue Online Portal by entering their Social Security number and refund amount. Those receiving direct deposit will see the payment labeled as “CO Family Refund 2025” in their bank statements. Paper checks may take a few extra days to arrive, depending on USPS delivery times. It’s important to ensure your current mailing address and banking information are up to date.
When and How Payments Will Be Sent
The first wave of payments is scheduled to go out starting July 15, 2025, with most qualifying families expected to receive their refund by early August. Direct deposits will be prioritized to speed up delivery. Any discrepancies in your tax filing may cause delays, so it’s essential that your submitted tax forms are accurate and complete. Those who applied for an extension should expect a later payment.
What Families Should Know
Parents should note that this tax refund does not interfere with other federal benefits, such as the Child Tax Credit or SNAP assistance. It is considered non-taxable and does not need to be reported as income. If you’ve moved, changed your bank account, or experienced a major family change (like a new child), be sure to update your information with the Colorado Department of Revenue to avoid disruptions in payment.
The $2,900 tax refund provides timely and meaningful support for thousands of Colorado families. It’s a straightforward process with automatic eligibility based on your 2024 tax filings. If you meet the criteria, make sure your tax documents and contact details are current so you can receive the funds without delay. This program offers a financial boost right when families need it most.
FAQ’s:
1. Is this refund taxable?
No, the $2,900 refund is not considered taxable income by the IRS or the state.
2. What if I haven’t filed my 2024 taxes yet?
You must file before the May 15, 2025 deadline to be eligible for the refund.
3. Can I still get the refund if I moved to Colorado recently?
Only full-year residents for 2024 are eligible for this specific program.
4. Will the refund affect my other public assistance benefits?
No, the refund will not impact your eligibility for programs like SNAP or Medicaid.
5. Where can I get help updating my bank info or address?
Visit the Colorado Department of Revenue’s website or contact their customer service line for assistance.
