Colorado taxpayers could receive state refunds of up to $1,130 when they file taxes in 2025, depending on their filing status and gross income, state officials said.

According to the Colorado Department of Revenue's Taxation Division, single-filing taxpayers could receive between $177 and $565 in tax refunds under Colorado's Taxpayer's Bill of Rights, and joint-filing taxpayers could receive between $354 and $1,130, depending on their gross income bracket.

TABOR is a constitutional amendment that caps the state budget and requires tax revenues collected above that to be refunded to taxpayers. In fall 2022, taxpayers received $750 in refunds via direct checks; for tax year 2023, $800 per taxpayer was paid out through the typical tax-filing process this past spring.

2024 TABOR refunds will arrive in 2025, state officials said.

This year's state tax refund could be the last big one for a while.

After the 2024 tax year, an anticipated softening of economic conditions, tighter budget forecasts and recent changes to state law could decrease state refunds due under Colorado's TABOR.