DENVER (KDVR) — Every year, the topic of TABOR refunds in Colorado brings excitement, trepidation and confusion as taxpayers look to see how much money they could receive.

TABOR, of the Colorado Taxpayer's Bill of Rights, sets a cap for state revenue and requires anything collected over that amount be returned to taxpayers. If the state wants to keep the money and use it for something other than a refund, it must be approved by voters.

For filers of the 2024-25 tax year, the refunds have been confirmed by the state auditor's office as of Monday, Oct. 20.

In August, two state legislators told FOX31 on "Colorado Point of View" that they did not anticipate Coloradans receiving any refunds in spring 2026 — after taxpayers file their 2025 taxes. At the time, the legislators were looking ahea

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