Several Colorado residents are set to receive a rebate of up to $1,500 sometime within the next four days.
This payment, scheduled to be paid out by Jan. 31, will be for state residents who filed for an extension on their 2021 taxes. Any residents of the Centennial State who filed their taxes by Oct. 17 will get $750 from the Colorado Cash Back program, and eligible couples will get $1,500.“Bills. Food. Gas. Everything costs more. We’re working to return tax rebates to Coloradans faster," State Treasurer Dave Young said in a statement.
Later, additional state revenue enabled Colorado to boost its payments scheme. The move came because state revenues exceeded Colorado's limit and were intended to provide relief amid inflationary pressures pinching pocketbooks.
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