Coloradans Will See at Least $177 Extra for ‘Free’ Come Tax Time

You work hard for your money, a lot of that money gets taxed and goes to the State of Colorado to use. If they tax more than they need, we get it back; it's the law.

For 2024, there was a lot left over and they've announced how much we'll all see (depending upon our gross income) when we file our 2024 taxes.

It starts at $177; it beats a stick in the eye, right?

Colorado TABOR Law Means Tax Refunds For Coloradans

Passed by voters in 1992, the Taxpayers Bill of Rights law (TABOR) law added an amendment to the state constitution that generally limits the amount of revenue governments in the state can retain and spend.

Without voter approval, TABOR requires excess revenue to be refunded to taxpayers, that's us (pointing thumbs at myself.)

RELATED: How Did Colorado's Richest Billionaire Make All Their Money?

There are some people in Colorado that think that the state should just keep the extra money; that's why TABOR came along; governments in Colorado were doing "crazy" things with the extra money. Today, if they think their idea is so great for the money, have us vote on it, first.

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Maybe you'll need to have a family "vote" on what you'll be doing with your share of the excess taxes taken in, which came to $1.7 billion. If anything, you can take the family out for a nice, big dinner.

What Colorado Tax Filers Can Expect When Filing for 2024

Here are the layouts for single filers; it will be double for joint filers: