![]() ![]() Those installments are scheduled to keep coming in through December. In the meantime, some Americans will be getting a stimulus of sorts in the form of monthly child tax credit payments. But it's also not a scenario we can write off. That's not a situation the public should hope for. ![]() However, if the economic situation continues to decline, then a fourth stimulus check could end up being back on the table. A few weeks of rising jobless claims is unlikely to make the case for a fourth round of direct payments, and even if the national unemployment rate rises slightly in September compared to August, that alone may not fuel a follow-up stimulus round. So the question really boils down to whether things will get bad enough to warrant another stimulus round. On the other hand, August's jobs reports pointed to the lowest national unemployment rate we've seen since the start of the pandemic. And given recent unemployment data, that prediction seems to be coming true.īut what does all of this mean as far as a fourth stimulus check is concerned? On the one hand, the economic situation seems to have declined in recent weeks. In fact, economists feared earlier this summer that rising case numbers would potentially lead business owners to start spending more conservatively and potentially eliminate jobs. Given the way the Delta variant is wreaking havoc on many parts of the country, this news isn't all that surprising. At this point, more than 2.84 million people are receiving jobless benefits. Not only did the number of new jobless claims increase, but the number of continuing unemployment claims rose by 181,000. In fact, that week's total was the largest number of new claims filed since the week of Aug. That's a jump from the 335,000 claims filed the week before, and it's also a much higher number than the 320,000 new claims economists were anticipating. 18, there were 351,000 new jobless claims filed. Weekly jobless claims rise againįor the week ending Sept. And given recent data on the unemployment front, that puts a lot of people in a pretty precarious situation. It's been months since lawmakers approved a round of stimulus checks, and while monthly Child Tax Credit payments have been hitting Americans' bank accounts since July, not everyone is entitled to those payments.Īt this point, boosted unemployment benefits have run out, so the jobless are limited to the benefits paid by their states alone. If you are a resident individual, you still must file a state income tax return for the 2021 tax year on or before J(or on an extension by October 17, 2022) to receive the benefit.Watch Video: Rosengren: Fed should slow stimulus efforts by fall Tax Rule 39-22-103(8)(a) provides additional information and guidance about residency and domicile and how those rules apply to students, particularly subparagraph (2)(e) of this rule. the individual maintains a permanent place of abode in Colorado and spends, in aggregate, more than six months of the tax year in Colorado.the individual is domiciled in Colorado or.In general, an individual is a Colorado resident if either: And file a state income tax return for the 2021 income tax year (or on extension by October 17, 2022) or apply for a Property Tax/Rent/Heat Credit (PTC) Rebate.Īnyone moving to Colorado in 2022 is not eligible for this refund mechanism.Be a Colorado resident for the entire 2021 income tax year.Be at least 18 years of age on or before Decem.To receive Colorado Cash Back, an individual must meet the following criteria: The mailing address is located at the bottom of the form. If you need to update your address, you can either do so by logging into or creating an account on Revenue Online or by submitting a completed Address Change Form (DR 1102).įiled your taxes, but haven't received your refund? Fill out and return this form. Make sure you have a current and correct address on record with the Department, as the checks will be mailed to your last known address. You must have filed your state return by October 17th, 2022 to have been eligible. ![]() If you've already filed your Colorado state income tax return, you're all set! You will receive your Colorado Cash Back check soon. This law will provide immediate relief to Coloradans by sending you a check this summer instead of spring of 2023, and we at the Colorado Department of Revenue are working hard to make sure that you get the right tax refund amount as soon as possible. Jared Polis signed a new law ( Senate Bill 22-233) to give Coloradans a tax rebate of $750 for individual filers and $1,500 for joint filers this summer.
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