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That state tax refund you just got is a nice little chunk of change; but, before you spend it, ask yourself this: Will I need to pay taxes on it when I file taxes next year? ... You received a ...
According to the IRS, taxpayers generally receive a 1099-G for a state tax refund. “Whether or not your state income tax refund is taxable on your federal income tax return depends on whether ...
Common 1099s you might see: 1099-G, 1099-K, 1099-R, 1099-Div Some of the most common 1099s you may receive: 1099-G : Details unemployment compensation, as well as any state or local tax refund ...
The Colorado Department of Revenue (DOR) is a state agency in Colorado. The department collects most types of taxes and issues state identification cards and driver licenses and also enforces Colorado laws regarding gaming , liquor, tobacco, racing, auto dealers, and marijuana.
Office of the State Controller (OSC) Division of Statewide Programs: Colorado Office of Administrative Courts (OAC) Colorado's centralized administrative court system, whose administrative law judges decides workers' compensation, human services, licensing, and a variety of other cases. [7] Office of the State Architect (OSA)
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Colorado Gov. Jared Polis signed a new bill into law on May 23, 2022, sending eligible tax filers $750 checks -- $1,500 for married couples -- via the Colorado Cash Back program. See: Do You Have a...
The Colorado income tax rate is a flat 4.55 percent of federal taxable income regardless of income level. Colorado's state sales tax is 2.9 percent on retail sales. [19] Full-year Colorado residents can claim an excess sales tax refund on their individual state income tax return.
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