Question

Can 16 year olds working in Colorado eligible for Tabor refund?

Forum|Forum|2 years ago
March 29, 2024
1 reply
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What are the rules for Colorado Tabor tax refund?

TurboTax Online

TABOR info here

https://tax.colorado.gov/TABOR#:~:text=2023%20TABOR%20Refund,-The%20Department%20of&text=File%20a%202023%20DR%200104,refund%20of%20wage%20withholding%2C%20and

netgigAuthor

Your link does not match this answer: https://ttlc.intuit.com/community/after-you-file/discussion/my-colorado-state-form-is-giving-me-a-tabor-refund-but-i-was-not-18-on-january-1-2023-my-birthdate/00/3191262

Please clarify.

Sixteen-year-olds can be eligible for the TABOR credit, if they meet the qualifications.

A taxpayer under age 18 can claim the credit if they were a full-year Colorado resident during the tax year and

They have a Colorado tax liability or
They are claiming a refund of Colorado wage withholding from a Form W-2.

According to Line 34, State Sales Tax Refund in the Form DR 0104 Booklet:

If you are a full-year Colorado resident who was under 18 as of January 1, 2023, you may claim the state sales tax refund only if you have a Colorado tax liability (line 14 must be greater than 0) or you are claiming a refund of Colorado wage withholding on a W-2. Your return must be postmarked by October 15, 2024.

[Bolding mine.]

See also the Colorado Department of Revenue's Taxpayer's Bill of Rights (TABOR) Information.