Mile High Magazine 03/10/2024 Get Ahead Colorado

Guest: Isabel Dickson Economic Mobility Manager at Colorado Department of Public Health and Environment Get Ahead Colorado and Hacia Adelante Colorado are statewide awareness campaigns designed to educate people about tax credits and encourage tax filing. Their websites offer three free, secure methods for filing taxes. In 2023, the federal Child Tax Credit provides $2000 per eligible child aged 0 to 16, with up to $1600 being refundable. Additionally, Colorado residents can benefit from the Colorado State Child Tax Credit for children or dependents under age 6. Income level impacts eligibility, and if qualified, Coloradans can receive an additional amount ranging from $200.00 to $1200, in addition to the federal credit. The Taxpayer Bill of Rights (TABOR), a Colorado state law, allows eligible residents to receive a one-time refund for the 2023 tax year, with potential refunds of up to $800 (or $1600 for joint filers). Remember, filing your taxes is necessary to access these benefits. Visit their websites for free resources and secure assistance, including a map of Colorado Vita sites—IRS-certified free tax filing locations. You can also call 211 for further assistance.

Published: Monday, March 11, 2024   |   Runtime: 14:12