The state’s Department of Revenue has been sending out this checks.
In Colorado, millions of direct payments have been sent out to eligible taxpayers since last month, but more are coming out in the coming weeks.
Individual tax filers are receiving a check for $750, while those who file jointly can get up to $1,500 in tax rebates.
Those that filed their state income tax return prior to June 30, 2022 will see their rebate arrive this summer, while those taxpayers who filed for an extension, have until October 17, 2022 to do it.
The residents that filed for an extension can expect their check to arrive before January 31, 2023.
The Colorado Department of Revenue reports that over 2.4 million payments have been sent out, with many of them being sent earlier than they were expected.
Till this moment, around 87% of the expected payments have arrived to the taxpayers, a little over 2 million of the ones already sent.
The Colorado Taxpayer’s Bill of Rights (TABOR) requires the state to return to taxpayers any leftover state revenue.
Besides Colorado residents, those in the states of Maryland, Hawaii and Alaska are also receiving financial aid from their government, specially now that prices are on the rise in almost every household.
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