Visit "Where can I get vaccinated" or call 1-877-COVAXCO (1-877-268-2926) for vaccine information.

Colorado Cash Back
1

Colorado Cash Back

About Colorado Cash Back

On May 23, 2022, Gov. Jared Polis signed a new law (Senate Bill 22-233) to give Coloradans a tax rebate of $750 for individual filers and $1,500 for joint filers this summer. This law will provide immediate relief to Coloradans by sending you a check this summer instead of spring of 2023, and we at the Colorado Department of Revenue are working hard to make sure that you get the right tax refund amount as soon as possible. 

If you've already filed your Colorado state income tax return, thanks for being on top of things! You will receive your Colorado Cash Back check by September 30, 2022.

Don't miss out! To receive your Colorado Cash Back Check, you must file your Colorado state income tax return or apply for a property tax, rent, or heat credit rebate (commonly known as the PTC Rebate) by June 30, 2022. You'll then receive Colorado Cash Back by September 30, 2022. Extended filers who have a deadline of October 17, 2022, will receive the refund by January 31, 2023.

Make sure you have a current and correct address on record with the Department, as the checks will be mailed to your last known address. If you need to update your address, you can either do so by logging into or creating an account on Revenue Online or by submitting a completed Address Change Form (DR 1102).

Frequently Asked Questions

The Taxpayer Bill of Rights (TABOR) in the Colorado Constitution limits the amount of revenue the state may retain and spend in each state fiscal year. Any revenue collected that exceeds this limit must be refunded to taxpayers unless voters authorize the state to retain it. The check Coloradans will receive later this year, or early in 2023, is a refund (also known as Colorado Cash Back) of excess state revenues collected in state fiscal year 2021-22 paid using a new, temporary refund process.

Senate Bill 22-233 directs the Department of Revenue (DOR) to refund $750 to each qualified individual (joint filers will receive a joint payment of $1,500). This refund will be paid based on the tax return or Property Tax/Rent/Heat Credit (PTC) Rebate application filed for 2021.
 

Individual filers will receive $750 and joint filers will receive $1,500 total (equals $750 per filer on the joint return). 

An individual who: 

  • was at least 18 years old on December 31, 2021; 
  • was a full-year resident of the state of Colorado in 2021; and 
  • either 
    • files a state income tax return for the 2021 tax year on or before June 30, 2022 (or on extension by October 17, 2022); or
    • applies for qualifies for the Property Tax/Rent/Heat Credit (PTC) Rebate for the 2021 grant year by June 30, 2022.  

If you qualify and file by June 30, 2022, then the refund will be issued by September 30, 2022.  If you qualify and file a state income tax return by the October 17, 2022, extension deadline, the refund will be issued by January 31, 2023.

Colorado Cash Back is different from the Great Colorado Payback. Colorado Cash Back is a one-time refund of state revenue that exceeded the TABOR limit for state fiscal year 2021-22. 

The Great Colorado Payback is an ongoing program from the Department of the Treasury to help Coloradans locate their unclaimed property. For more information about the Great Colorado Payback, visit the Treasurer’s Unclaimed Property website

Coloradans have until June 30, 2022 to file an income tax return or a PTC application to receive this special TABOR refund by September 30, 2022. Extension filers, who have a deadline of October 17, 2022 to file their income tax return, will not receive the refund until after they file. The deadline to send that refund is January 31, 2023.

To receive Colorado Cash Back, an individual must meet the following criteria:

Anyone moving to Colorado in 2022 is not eligible for this TABOR refund mechanism.

If you were a full-year resident in 2021 and filed your state income tax return, (or, if applicable, your Property Tax/Rent/Heat Credit (PTC) Rebate application) by June 30, 2022, you'll still be eligible for Colorado Cash Back.

You can change your mailing address in two ways: If you have a Revenue Online account, you can do so online. If not, you may change your address by filling out and returning the Address Change Form (DR 1102).

Colorado Cash Back will be sent to the last known address on the 2021 tax return and payable to both individuals jointly.  The Department of Revenue cannot split the refund.

The only way to obtain the Colorado Cash Back payment is to file a 2021 state income tax return or apply for the Property Tax/Rent/Heat Credit (PTC) Rebate by the statutory deadline, in order to receive this refund.  

A 2021 state income tax return must be filed to receive Colorado Cash Back. This filing requirement is the same requirement for the existing TABOR refund of state sales tax. Many community groups, nonprofit organizations, and volunteer programs offer income tax filing assistance at low or no cost for individuals and families. For more information, visit the Community Tax Help web page.

Yes, a qualified taxpayer in this situation is eligible for the refund, if that individual meets other requirements.  The Colorado Cash Back refund will be paid to extension filers by January 31, 2023.

Colorado Cash Back checks will start being mailed out on August 1, 2022. Until that time, DOR will be updating systems and testing to ensure that all of the refunds can be mailed out successfully. We are actively working to see if we can offer an online tracking mechanism through your RevenueOnline account, but recommend Coloradans wait until at least September 15 to allow time for processing and mailing before checking on their payment status.

No, to prevent fraud, all checks will be mailed to the last known address as identified on the 2021 tax return. You can change your address in two ways:

  1. If you have a Revenue Online account, the change of address can be done online.  
  2. If not, you may change the address by filing out and returning the Address Change Form (DR 1102)

DOR will deduct any back taxes, debts owed to other state agencies, and any IRS levies from the refund.  Once that deduction occurs, the balance, if any, will be refunded to the taxpayer.

In order to qualify a person must:

  • be at least 18 years old by December 31, 2021; 
  • be a full-year resident of the state of Colorado in 2021; and 
  • either 
  • file a state income tax return for the 2021 tax year on or before June 30, 2022 (or on an extension by October 17, 2022)
  • OR apply for the Property Tax/Rent/Heat Credit (PTC) Rebate for the 2021 grant year by June 30, 2022

In general, an individual is a Colorado resident if either:

  • the individual is domiciled in Colorado; or
  • the individual maintains a permanent place of abode in Colorado and spends, in aggregate, more than six months of the tax year in Colorado.

Tax Rule 39-22-103(8)(a) provides additional information and guidance about residency and domicile and how those rules apply to students, particularly subparagraph (2)(e) of this rule.

If you are a resident individual, you still must file a state income tax return for the 2021 tax year on or before June 30, 2022 (or on an extension by October 17, 2022) to receive the benefit. 

This web page (tax.colorado.gov/cash-back) will be updated through the summer with more information and additional details. Check back frequently for the most up-to-date information. You can also find more information about TABOR refunds at Tax.Colorado.gov/TABOR