Tag: taxes
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Six things that are true about taxes | Paul Batura
Perhaps one surprising aspect of “Tax Day” being on April 15th is that it wasn’t eventually pushed to May or June 15th – or beyond. That’s because it used to be March 1st, was bumped to March 15th in 1918, and then April 15th in 1955. Procrastination and taxes seem to go hand in hand. Over twenty million…
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Colorado bill to fund mental health by raising alcohol taxes defeated in House committee
Colorado legislators on Wednesday narrowly rejected a second measure that would raised taxes on alcohol products in order to fund mental health care treatment in the state. Proponents said the new revenue is necessary to help pay for mental health treatment, while critics said legislators should not be targeting an industry that’s already being squeezed,…
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Democrats want to decouple Colorado from federal tax breaks
Democratic members of Colorado’s House and Senate on Tuesday announced the introduction of a slew of bills that would reduce corporate tax deductions and sever Colorado’s tax regime from recent federal changes to the tax code. The federal tax changes provide hundreds of millions dollars in tax breaks. Since Colorado conforms to the federal tax…
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GUEST COLUMN: Let’s be grateful for the gift of tax indexing
By Wil Armstrong Your biggest Christmas present of the year may be one you won’t even notice! The legendary 1981 Reagan tax cut — which ushered in a decade of prosperity — included a little-known provision called tax indexing. It put an end to inflation pushing Americans into higher tax brackets. Though it did not…
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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
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…