Tag: taxes
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Colorado IRS offices hit by furloughs amid tax-extension deadline
Residents who filed for extensions on their federal taxes still need to pay them by Wednesday, despite the government shutdown. But customer service may be affected, the National Treasury Employees Union warned. As the shutdown stretches into its 15th day, more than 34,000, or 46% of Internal Revenue Service employees, have been furloughed, Reuters reported. …
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20,000 Colorado taxpayers eligible for $8 million in unclaimed refunds
The state of Colorado has started sending notices to an estimated 20,000 taxpayers who may be eligible for a total of $8 million in unclaimed tax refunds. The notices, which will be sent out through June 30, 2026, are part of an effort by Gov. Jared Polis, the Colorado Department of Revenue, the New Practice…
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20,000 Colorado taxpayers eligible for $8 million in unclaimed refunds
The state of Colorado has started sending notices to an estimated 20,000 taxpayers who may be eligible for a total of $8 million in unclaimed tax refunds. The notices, which will be sent out through June 30, 2026, are part of an effort by Gov. Jared Polis, the Colorado Department of Revenue, the New Practice…
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20,000 Colorado taxpayers eligible for $8 million in unclaimed refunds
The state of Colorado has started sending notices to an estimated 20,000 taxpayers who may be eligible for a total of $8 million in unclaimed tax refunds. The notices, which will be sent out through June 30, 2026, are part of an effort by Gov. Jared Polis, the Colorado Department of Revenue, the New Practice…
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El Paso County avoids cuts in preliminary 2026 budget
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El Paso County will not cut positions or services in what Chief Financial Officer Nikki Simmons called a “recession-resistant” preliminary budget for next year. “We have sufficient reserves to weather us through several years of uncertain economic activity,” she said at the first presentation on the budget last week. The budget does not call for…
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El Paso County avoids cuts in preliminary 2026 budget
El Paso County will not cut positions or services in what Chief Financial Officer Nikki Simmons called a “recession-resistant” preliminary budget for next year. “We have sufficient reserves to weather us through several years of uncertain economic activity,” she said at the first presentation on the budget last week. The budget does not call for…
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Colorado bingo nonprofits don’t always tell the IRS what they tell the state, some say nothing
Editor’s note: This is the last in a three-part series examing Colorado’s $110 million charitable gaming industry. Colorado nonprofits that rely on charitable gaming to raise funds – most through bingo nights – are required to file regular financial reports with state regulators that track how much money comes in, how much goes out and…
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Will Colorado courts curb lawmakers’ backdoor taxes
During its August special session, the Colorado General Assembly passed several bills to raise tax revenue and partially fill the growing chasm between federal tax policy and progressive Democrats’ insatiable spending. Although the Taxpayers Bill of Rights (TABOR) in our state constitution requires a public vote on any “tax policy change directly causing a net…
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EDITORIAL: Propositions LL & MM — good money after bad
As if Coloradans needed another reason to vote against the tax hikes of Propositions LL and MM — placed on this November’s ballot by our free-spending legislature — a new analysis released this week provides as good an argument as any. The Common Sense Institute’s latest report on the subject reminds us the fundamentally misguided…
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Here’s how this graduated income tax proposal would affect Colorado residents’ take-home pay
The measure that seeks to eliminate Colorado’s flat rate in favor of a graduated income tax contains a dozen brackets, with the highest levels set to accrue tens of thousands more in liabilities, while cutting them for individuals at the lower ends of the proposed spectrum. How it would impact individuals will depend on their…