(COLORADO) — Coloradans could get thousands of dollars back on their taxes, but only if they claim the credits they qualify for. The Colorado Department of Public Health and Environment (CDPHE) is reminding families to file their taxes and claim the credits they qualify for.
In 2024, Governor Jared Polis signed the Colorado Family Affordability Tax Credit, which could qualify families with young children for up to $3,200 per child.
Colorado Department of Revenue still not processing state tax returns
“We want every family to know about these credits and how easy it is to claim them,” said Isabel Dickson, Economic Mobility Program Manager at CDPHE. “Even if you don’t normally file taxes, you could still get money back—just by filing. Tax credits have been proven to reduce child poverty while improving health and educational outcomes. When Coloradans have the financial resources to meet their basic needs, individuals, parents, and children can thrive.”
Families can also qualify for other tax credits that guarantee more money in their pockets. The Federal and State Earned Income Tax Credit, could qualify families up to $7,830 depending on the number of children and income, with a 38% state match, and the Federal and State Child Tax Credit could qualify families up to $2,000 per child under the age of 17 for the federal credit and up to $1,200 for the state Child Tax Credit…