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Colorado Earned Income Tax Credit

 The Colorado Earned Income Tax Credit (COEITC) is a state tax credit that gives people who earn lower incomes money back. Many people who earn lower incomes that do not file their taxes miss out on this credit, so it is important to file a state tax return to get the money you may be eligible for.

  • File a state tax return to learn how much money you qualify for and to get your payment.

  • Colorado residents can get an extra 20% of whatever amount of money they receive from the federal Earned Income Tax Credit (EITC). For example, if you got $560 in federal EITC money, you would get an extra $112 in COEITC.

  • You need to earn some income to get the COEITC. Even if you do not make a lot of money or do not owe income taxes, you should still file a tax return to receive this credit. Colorado residents who get the federal EITC can also claim the COEITC.

  • No. Colorado residents who do not have a social security number (SSN) can use an Individual Taxpayer Identification Number (ITIN) when filing their state taxes to get the COEITC.