Colorado’s online tax returns are delayed.
As of February 19, the state’s online website said links for filing individuals, trustees and business income taxes will “appear soon.” The agency advised filers who were asked to pay back in late February.
The Colorado Department of Revenue said it would soon begin processing the state’s income tax returns after a few weeks of delay, but the agency did not provide a specific date. The department said it should accept returns for some time this week.
The delay is due to system updates required to implement many recent changes to the SATE tax code.
“Throughout the year, the Department of Revenue has tirelessly worked to implement 26 major changes to the tax law, including 14 new tax credits that save money for Coloradan and businesses, all of which are tax processing systems. It must be programmed and thoroughly tested in the department’s communications director, Elizabeth Kosar, told Colorado Politics.
“We are grateful for Coloradan’s patience. Income tax refunds are important for hardworking Coloradans, and many of them need to help them achieve their goals. We learned from this iteration. I will learn lessons and be as efficient as possible next year,” she continued.
Among these tax credits are family affordable tax credits, under which families can earn up to $3,200 per child under the age of five. Congress passed that law last year.
In 2023, the General Assembly expanded its earned income tax credit from 25% to 38%, from 25% to 38% of federal tax returns claims.
The deadline for submission tax is April 15th.
