Colorado TABOR refund for under 18 years old?
I am under 18 years old and don't believe I should be getting the TABOR refund, however, Turbo Tax is generating it. Does that seem right?
I am under 18 years old and don't believe I should be getting the TABOR refund, however, Turbo Tax is generating it. Does that seem right?
You appear to qualify because you're claiming a refund of Colorado wage withholding from a Form W-2. If you're doing that, you don't have to have a Colorado tax liability.
A full-year Colorado resident under age 18 can claim the credit if:
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.
See 2023 TABOR Refund in the Colorado Department of Revenue's Taxpayer's Bill of Rights (TABOR) Information for more information.
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