Colorado’s Department of Revenue is facing delays in processing tax returns online, with the filing links for individual, fiduciary, and business income taxes still unavailable as of February 19. The agency has advised filers to check back in late February for updates. The delays are a result of system updates needed to accommodate recent changes to the state tax code, including 26 major changes and 14 new tax credits. Despite not providing a specific date, the department has stated that it will begin accepting returns sometime this week. Elizabeth Kosar, the department’s communications director, expressed appreciation for Coloradans’ patience in the situation, recognizing the importance of income tax refunds to many residents.
One of the new tax credits includes the Family Affordability Tax Credit, where families can earn up to $3,200 per child aged 5 or younger. Another significant change is the expansion of the Earned Income Tax Credit from 25% to 38% of the amount claimed on federal tax returns. The department is working diligently to implement these changes and ensure an efficient tax processing system for the coming year. The deadline for filing taxes in Colorado remains April 15th. Taxpayers are encouraged to stay informed and check back for further updates on the state’s tax filing website.
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