BillM223
Expert Alumni

Get your taxes done using TurboTax

Form DR204 does include the TABOR refund.

 

On the 2023 Instructions for DR 0204, it reads for line 4

"4. (a) Enter your current year tax liability (including alternative minimum tax and any credit recapture) after reduction for all credits other than withholding tax and estimated tax payments."

 

So your TABOR credit should be used to reduce your tax liability before the annualization even starts.

 

And up in part III, line 8 is for estimated taxes paid and line 9 is for taxes withheld, so no credit belongs here.

 

So on this form, credits are not considered to be part of your estimated tax payments.

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