Personal Finance
Colorado Cashback Rebate: Deadline, Amounts, Extension
Some Coloradans are set to receive rebates of more than $1,000, state officials said.
![Gov. Jared Polis and state officials are urging Coloradans to file their taxes by June 30 to claim a Colorado Cashback refund this summer.](https://patch.com/img/cdn20/shutterstock/22965241/20220613/042051/styles/patch_image/public/shutterstock-641524333-1___13160805816.jpg)
COLORADO — Coloradans are urged to file their state taxes by June 30 to receive a Colorado Cashback refund this summer, Gov. Jared Polis said in a news release issued Monday.
Residents who meet the deadline are set to receive rebates this summer of more than $500 for single filers, $1,000 and up for joint filers, the Colorado Department of Revenue said.
Those who filed by April 15 do not need to take any additional action and will receive their refund later this summer, the department said.
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"Every full-year Colorado resident who was at least 18 years old on December 31, 2021 should file a Colorado return to claim the Colorado Cashback Rebate even if they did not have taxable income," the news release read.
To receive the refund in August, full-year residents must either file a Colorado individual income tax return for the 2021 tax year or apply for the 2021 Property Tax/Rent/Heat Rebate Credit by June 30, the department said.
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“I urge all Coloradans to complete their state tax filing right away so you can get the Colorado Cashback rebate on time this summer," Polis said in a statement.
"We are providing immediate relief, putting money back into the pockets of hardworking Coloradans to help pay for everyday items, and everyone who filed by June 30th will get the more than $500 or $1000 rebates this summer, if you wait past June 30th or until the final extension deadline of mid-October, then you probably won’t get your refund until next January.”
Taxpayers who don't file a return by June 30 can still file on extension before Oct. 17, and those who file on extension in October can expect to receive their refund check in January 2023, the governor said.
On average, around 90 percent of Coloradans file on time by April 15, and the remaining 10 percent file by the extended deadline of Oct. 15, state officials said.
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