Please remember that you must claim the state sales tax refund (TABOR refund) when filing your state income tax return. If you claimed a 2023 refund, the TABOR refund will be combined and issued out with your refund. Unlike the 2022 Colorado cashback, no separate check will be issued. 

 
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DR 0289 - Employer Contributions to Employee 529 Qualified State Tuition Program Credit

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An employer who contributes directly to an employee’s 529 qualified state tuition program account administered by CollegeInvest is allowed to claim a credit against the employer’s income taxes. The employer is allowed to claim a credit in an amount equal to 20% of the contribution. The maximum credit an employer may claim for each employee in a taxable year is $500. The credit is neither transferable nor refundable, but may be carried forward on the employer’s return for up to three years.