Per Colorado law we are required to notify you annually of the tax credit information below:
What is a refundable tax credit?
A refundable tax credit puts money back in the pockets of hardworking taxpayers like you. You may be able to claim a credit even if you don’t normally file a tax return. If you qualify for a refundable credit, any amount of the credit remaining after reducing the amount of taxes that you may owe to zero is refunded to you.
Earned Income Tax Credits
You may be eligible for refundable tax credits if you earned wages, salaries, tips or other types of employee pay or you had earnings from self-employment. Generally, eligibility for the Colorado earned income tax credit is based on your eligibility for the federal earned income tax credit. Colorado has expanded eligibility for the Colorado credit for filers who cannot claim the federal credit. You work hard. See if the earned income tax credits can work just as hard for you! Visit Tax.Colorado.gov/ctc-eitc for more information.
Child Tax Credits
You may be eligible to claim these partially refundable credits if you have a social security number or individual taxpayer identification number, have at least one child, and are part of a low- or middle-income family. Visit Tax.Colorado.gov/ctc-eitc for more information on eligibility and to see if you qualify!
Family Affordability Tax Credits
You may be eligible to claim these refundable credits if you have a social security number or individual taxpayer identification number, have at least one qualifying child who was under age 17 at the end of the year, and are part of a low- or middle-income family. Visit Tax.Colorado.gov/ctc-eitc for more information on eligibility and to see if your family qualifies!
How to claim the Earned Income Tax Credits and Child Tax Credits
To claim the earned income tax credits or the child tax credits, file a federal and state return! Visit Tax.Colorado.gov/ctc-eitc for more details on requirements for and help with filing.
Free Income Tax Filing Help
Qualifying taxpayers may be able to file their taxes for free by using the IRS’s Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs. Colorado residents can file their state income taxes on Revenue Online. More information about these resources can be found at Tax.Colorado.gov/ctc-eitc.