Recently, there have been rumors spreading online about a supposed $800 stimulus check set to be given in April 2025. These rumors have caused confusion among many people looking for financial help. However, it’s important to know that there is no federal program offering such a payment. Instead, people should be aware of real financial assistance programs that are available.
For instance, Colorado’s TABOR refund program is a legitimate source of financial support for residents. Let’s break down what this means and how Colorado is stepping up to provide assistance.
False $800 Stimulus Check Rumors
In the last few weeks, some false claims have circulated, saying that there will be an $800 stimulus check sent out in April 2025. Many people have become hopeful, thinking this could be a way to receive some extra money. However, there is no confirmation from the federal government about any such program.
This misinformation can be misleading and might cause people to miss out on legitimate financial help. It’s essential to be cautious and not rely on these rumors.
Colorado’s TABOR Refund Program
While there is no federal stimulus check coming, Colorado is stepping in with its TABOR refund. The TABOR program, which stands for Taxpayer’s Bill of Rights, allows Colorado to return surplus money to its residents when the state’s revenue exceeds its budget limits.
This year, Colorado expects to distribute around $1.4 million in refunds to eligible taxpayers by spring 2025. Some residents could even receive up to $1,600 in refunds, depending on their filing status.
Other Financial Relief Options in Colorado
Along with the TABOR refund, there are two other programs in Colorado that can help residents with their finances:
- Temporary State Income Tax Reduction: This automatically lowers the income tax rate from 4.40% to 4.25% for all tax filers in 2024.
- Sales Tax Refund: Colorado residents who meet the necessary qualifications and file their taxes can apply for a sales tax refund. This is available for full-year residents who file a 2024 Colorado Individual Income Tax Return or submit a Property/Rent/Heat Credit (PTC) Application by October 15, 2025.
Eligibility for the TABOR Refund
To be eligible for the TABOR refund in 2025, residents must meet certain conditions. These include:
- Filing a 2024 Colorado state income tax return or submitting a PTC Application by April 15, 2025.
- Being a Colorado resident for at least half of the 2024 tax year.
- Being 18 years old or older by January 1, 2025.
How to Apply for the TABOR Refund
To apply for the TABOR refund, residents must submit their applications through the official Colorado Department of Revenue website. The process requires completing an online form, attaching supporting documents, and ensuring that all the information provided is correct. This helps make sure that the refund is distributed fairly and quickly to those who qualify.
Conclusion
While rumors of an $800 federal stimulus check are false, there are real financial relief options available, especially in Colorado. Through the TABOR refund, residents can expect meaningful assistance, with refunds of up to $1,600.
Along with tax reductions and sales tax refunds, Colorado is making efforts to support its residents during tough times. It’s crucial to stay informed and apply for these legitimate programs to receive the help you need.
FAQ’s
1. Is there really an $800 stimulus check in April 2025?
No, there is no federal $800 stimulus check planned for April 2025. This is a false rumor.
2. What is the TABOR refund in Colorado?
The TABOR refund is a program in Colorado that returns surplus state revenue to eligible taxpayers. Residents could receive up to $1,600 by spring 2025.
3. How can I apply for the TABOR refund?
You can apply for the TABOR refund by filing your 2024 state income tax return or submitting a PTC Application through the official Colorado Department of Revenue website.
