When does Colorado start accepting tax returns? This is a common question among taxpayers in the state of Colorado, as the state has specific deadlines for when it begins processing tax returns. Understanding these deadlines is crucial for individuals and businesses to ensure they can file their taxes on time and avoid any potential penalties or interest charges.
Colorado typically begins accepting tax returns in early February each year. This timeline is generally aligned with the federal government’s start date, which is also set for early February. However, it’s important to note that the exact date can vary slightly from year to year, depending on the federal government’s processing schedule.
For the 2021 tax season, Colorado started accepting tax returns on February 12, 2021. This was a few days later than the previous year, primarily due to the COVID-19 pandemic and the subsequent changes in tax laws. As a result, taxpayers in Colorado had to wait a bit longer to file their returns.
Once Colorado starts accepting tax returns, taxpayers have until April 15 to file their state income tax returns. This deadline is the same as the federal tax filing deadline. However, it’s essential to keep in mind that if you are unable to file your state tax return by April 15, you can request an extension by filing Form 1040X with the Colorado Department of Revenue.
It’s worth noting that while Colorado starts accepting tax returns in early February, some taxpayers may experience delays in receiving their refunds. This can be due to various factors, such as a high volume of filings, errors on the return, or the need for additional review by the Colorado Department of Revenue.
In conclusion, Colorado typically starts accepting tax returns in early February each year, aligning with the federal government’s timeline. Taxpayers should be aware of the state’s filing deadlines and consider requesting an extension if necessary. By staying informed about these deadlines, individuals and businesses can ensure they meet their tax obligations and avoid any potential penalties or interest charges.
