Colorado Cashback: Governor Polis, Legislative Leaders Announce New $400 Colorado Dividend for Every Hardworking Colorado Taxpayer
DENVER - Today, Governor Jared Polis, House and Senate Legislative Leadership announced that Coloradans will receive $400 cash back this summer.
“People are paying more for everyday items like gas, groceries, and rent through no fault of their own. Instead of the government sitting on money that Coloradans earned, we want to give everyone cash back as quickly and easily as possible to provide immediate relief and empower people to do what they want to with their money,” said Governor Polis.
“Coloradans are up against high rates of inflation and a rising cost of living – and they’re feeling the pinch,” said President Steve Fenberg, D-Boulder. “This year, we’re able to extend much needed support to families and individuals in the form of direct relief to taxpayers. We’re helping Coloradans make ends meet during this challenging time by putting money directly back into their wallets.”
“At a time where so many Coloradans are rebuilding what the pandemic has broken, inflation is stretching their paychecks thinner and thinner,” said Dominick Moreno D-Commerce City. “Sending a $400 or $800 refund to every taxpayer in the state relieves the financial pressure Coloradans are burdened with at the time where they need it the most.”
All eligible Colorado income tax filers will receive their rebate directly in the mail in August or September. This rebate is available for all full time residents who have filed their 2021 tax returns by May 31st, 2022 which is about 3.1 million people.