$1,112 Colorado Stimulus for Married Couples in 2024: Who’s Eligible and When You’ll Get Paid

By Ronald Rodriguez Last updated Dec 26, 2024

In 2024, Colorado is offering a special stimulus payment of $1,112 for eligible married couples, designed to provide financial relief to households in the state.

If you’re a married couple living in Colorado, you might be wondering if you qualify and when you can expect to receive this payment.

Here’s everything you need to know about the Colorado $1,112 stimulus payment, including eligibility requirements, payment dates, and more.

What is the Colorado $1,112 Stimulus Payment?

The Colorado $1,112 stimulus payment is part of the state’s ongoing efforts to provide financial support to its residents, particularly married couples who meet certain income and residency criteria. The payment is designed to help offset rising living costs and provide additional financial relief for households in the state.

Who Is Eligible for the $1,112 Stimulus Payment?

The stimulus payment is available exclusively to married couples who meet the following criteria:

Residency: Both spouses must be Colorado residents for the entire tax year of 2023. Couples must have lived in Colorado for the full year and filed taxes in the state.
Income Limitations: There are income restrictions in place for eligibility. Couples who file jointly must have a 2023 adjusted gross income (AGI) that is below a certain threshold. Generally, this limit is set around $150,000 for married couples filing jointly. If your combined income exceeds this amount, you will not be eligible for the $1,112 payment.
Tax Filers: Couples must have filed their taxes for the year 2023. The payment is tied to state income tax filings, so those who did not file taxes in 2023 will not be eligible.
Other Criteria: In some cases, couples who may be eligible for other state benefits or have dependent children may have their payment amounts adjusted. Always check the state’s official guidelines to confirm if any additional criteria apply to your situation.

How Much Will You Receive?

$1,112 Colorado Stimulus for Married Couples in 2024 Who’s Eligible and When You’ll Get Paid (1)

Eligible married couples will receive $1,112 in a single payment. This amount is typically issued per couple, regardless of the number of dependents or other factors. If you and your spouse qualify under the state’s income guidelines, you can expect the full payment.

When Will You Receive the Payment?

The $1,112 stimulus payments for married couples are expected to be distributed in early 2024, with payments beginning as soon as the state’s processing system can accommodate them. The exact payment dates can vary, but if you are eligible, you can expect to receive the stimulus check via direct deposit or paper check.

Direct Deposit: If the state has your banking information on file from your 2023 tax return, you will likely receive the payment through direct deposit. This method is typically faster, and most eligible residents will receive their funds this way.
Paper Check: If the state does not have your direct deposit information or if you filed your taxes on paper, you will receive a paper check. These checks may take longer to arrive, so it’s important to keep an eye on your mail if you expect to receive a check.

To ensure timely receipt of your payment, make sure your tax information is up-to-date with the Colorado Department of Revenue, and check your bank account for direct deposits or your mailbox for paper checks.

How Do You Apply for the $1,112 Stimulus?

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There is no need for an additional application for the $1,112 Colorado stimulus if you already filed your 2023 state taxes. The state will automatically assess whether you qualify based on the information in your tax return. However, there are some things you can do to ensure you’re in line to receive the payment:

File Your Taxes on Time: Make sure you file your 2023 taxes with the state by the April 15, 2024 deadline (or the extension deadline if applicable). Your tax return is what determines whether you qualify for the stimulus payment.
Check Your Tax Information: Ensure that your adjusted gross income (AGI) falls within the eligibility limit for married couples and that you meet all the necessary requirements for residency and filing status.
Stay Informed: The Colorado Department of Revenue will provide updates about the stimulus payments on their official website. It’s important to stay informed about any changes to the timeline or eligibility requirements.

What If You Don’t Receive the Payment?

If you believe you are eligible for the $1,112 stimulus payment and have not received it by mid-2024, there are steps you can take:

Check Your Tax Status: Make sure your 2023 tax return was filed correctly and that all income information is accurate.
Contact the Colorado Department of Revenue: If you haven’t received your payment, reach out to the state’s Department of Revenue. They can provide details on the status of your payment and help resolve any issues.
Review Your Eligibility: Double-check the eligibility requirements. If your income exceeded the threshold or if you didn’t file taxes in 2023, you may not qualify for the payment.

What Other Financial Assistance Is Available?

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In addition to the $1,112 stimulus payment, there are other forms of financial assistance available to Colorado residents. These may include:

State Tax Credits: Colorado offers a variety of tax credits for low-income families, such as the Earned Income Tax Credit (EITC) and Child Tax Credit.
Unemployment Benefits: For those facing job loss or financial hardship, unemployment benefits may be available.
Other Stimulus Programs: The state may offer additional economic relief programs, especially in times of crisis or economic downturn.

Make sure to explore these options to maximize your financial support from the state.

Conclusion

The $1,112 Colorado stimulus payment for eligible married couples in 2024 provides crucial financial relief for many households. If you meet the eligibility criteria—such as being a resident of Colorado, filing your 2023 taxes, and staying within the income limits—you could receive this payment to help with rising living costs.

Be sure to file your taxes on time and keep an eye on payment announcements. The payment will be issued automatically, so there’s no need to apply separately, but staying informed is key to ensuring you receive the funds in a timely manner.