Did your son not qualify for the sales tax credit? Did your son have an income tax liability? The qualifications for the credit are:
- File a 2022 DR 0104 by April 18, 2023, if you:
- were at least 18 years old when the tax year began,
- do not have a Colorado income tax liability, and
- are not claiming a refund of wage withholding.
This Colorado Department of Revenue website states:
A TABOR income tax rate reduction results in either a larger refund, if the taxpayer over-withheld, or a smaller bill, if the taxpayer did not withhold enough or make enough estimated tax payments that year. The refund amount is different for each taxpayer, based on their unique income tax situation.
Colorado residents under the age of 18 but are required to file a Federal 1040 tax return are eligible for the benefit.
A dependent of another taxpayer is required to file his or her own tax return if:
- Your earned income (money you made by working) exceeds $12,950,
- Your unearned income (interest, dividends, capital gains, etc.) exceeds $1,100,
- Your business or self-employment net income (gross minus expenses) is at least $400,
- Your gross income (earned plus unearned) exceeds the larger of $1,100 or your earned income (up to $12,600) plus $350.
@Taxpayer987654321
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