Smaller 2025 TABOR Refunds Coming to Colorado Taxpayers

The number of working days in 2025 is dwindling ever so slightly, day by day. Soon, most Coloradans will be filing income taxes for the 2025 tax year. If you have lived in Colorado for several years, you have likely received a few TABOR refunds from the state.

What is TABOR in Colorado?

TABOR refunds come from the Taxpayer's Bill of Rights, which was approved in 1992. This constitutional amendment significantly restricts the state of Colorado's ability to raise and spend tax revenue.

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Some of the benefits of the Taxpayer's Bill of Rights in the state of Colorado include the approval of voters for an increase in state taxes, putting limits on revenue growth that state governments can collect and keep each year, and the one part that everyone loves, a refund to the state's taxpayers if there is a surplus at a certain threshold.

Colorado taxpayers will be getting a TABOR refund for the 2025 tax year; however, KDVR says that you should not be preparing to go on a shopping spree, as the refunds will be reduced.

READ MORE: Colorado’s Cost of Living: What Residents Can Expect in 2025

2025 TABOR refund checks for Colorado taxpayers will also be based on adjusted gross income. This means refunds will be set based on the amount of money you made as a single filer or joint filer.

2025 TABOR Refund Breakdown for Colorado Taxpayers

Looking Ahead: Will 2026 Have Any TABOR Refunds?

According to KDVR, the forecast for the 2025-2026 fiscal year will impact the TABOR refund checks even more. So much so, in fact, the expectation is that there will be no TABOR refund checks for the 2026 tax year for Coloradans.

READ MORE: Colorado Lawmakers Debate Future of TABOR Refunds