IRS to Coloradans: Don’t file your taxes yet

BY SARAH MULHOLLAND COLORADO PUBLIC RADIO

Coloradans may owe federal taxes on last year’s TABOR refunds.

e IRS says the state’s residents should hold o on ling their tax returns until the agency gures out how it’s going to handle the issue.

e IRS issued the directive to residents of several states that received refunds or special payments in 2022.

Coloradans shouldn’t have to pay any taxes on TABOR refunds, according to the state’s revenue department. TABOR, which stands for the Taxpayer’s Bill of Rights, goes back to 1992 in Colorado. e law requires the state to return excess state revenues to taxpayers.

“We have done so on various occasions and through various statutory methods,” Dan Carr, a spokesperson for Colorado’s revenue department, said in an emailed statement. “We have provided this information to

SEE IRS, P3