Accountants at Biggs Kofford did a double take last week when they saw that tax planning information on the Colorado Department of Revenue Web site had changed. Relying on information they had initially received from the DOR, accountants from the firm released information notifying taxpayers that excess revenue collected under the state’s Taxpayer’s Bill of Rights would not only mean they were entitled a refund from the state but also an opportunity for tax breaks in the form of the expanded Colorado source capital gain subtraction, charitable contributions subtraction, interest and dividend subtraction and the child care or child tax credit.
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