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What tax day looks like in Colorado: A business owner, a paycheck—and what changed this year
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Rocky Mountain Voice, State, Top Stories

What tax day looks like in Colorado: A business owner, a paycheck—and what changed this year

By Jen Schumann | Rocky Mountain Voice A mother approached a federal official after a recent event with a simple observation. She said her daughter, who is working through nursing school, saved about $8,000 because of the no-tax-on-tips provision. “That’s three to four months of rent,” U.S. Small Business Administration Regional Administrator Justin Everett said, recalling the conversation. As Americans file their taxes, Everett is part of an effort to highlight what the administration is calling “Working Family Tax Cuts,” a set of federal tax changes aimed at reducing the burden on small businesses and workers. According to White House estimates Everett cited, Colorado families could see between $4,500 and $8,100 in tax savings, with take-home pay rising higher in some ...
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Where is my refund? Here’s how to track your federal and Colorado state tax refunds
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Approved, State, The Coloradoan

Where is my refund? Here’s how to track your federal and Colorado state tax refunds

By Nate Trela | Coloradoan Tax filing season has a little over a month left to go, with federal and Colorado state tax returns both due April 15. The IRS says it has already issued nearly 37 million refunds totaling nearly $125 billion as of Feb. 28. The average refund amount of $3,382 is up 6% from last year. Some taxpayers enjoy the big lump sum payment, although the refunds are largely the result of withholding more money from paychecks than you actually owed in a given year. That money could have been invested and generated a return instead of sitting in state and federal government accounts.   READ THE FULL STORY AT THE COLORADOAN
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