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For tax years 2022 and later, the Colorado income tax rate is set at 4.4%. For individuals with Colorado taxable incomes of less than $50,000, the Department publishes tax tables which approximate the individual’s Colorado tax determined at the applicable prescribed rate. Alternative minimum tax (AMT)
For tax year 2023 (taxes filed in 2024), Colorado’s state income tax rate is 4.4%. Previously, Colorado taxed income at a fixed rate of 4.55%, but the passage of Proposition 121 lowered the...
The new Colorado income tax rate is 4.40%, beginning in the 2022 tax year. In 2020, proposition 116 reduced the income tax rate to 4.55%. In 2019, the Colorado income tax rate was temporarily reduced to 4.50%, because a TABOR refund mechanism was triggered.
Find out how much you'll pay in Colorado state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more.
Colorado Governor Jared Polis on May 14, 2024 signed Senate Bill 24-228 (SB 24-228), which temporarily reduces Colorado's income tax rate for individuals, estates, trusts and corporations from 4.4% to 4.25% for tax years beginning on or after January 1, 2024.
Colorado taxes income at a flat rate of 4.4 percent. Five cities – Denver, Aurora, Glendale, Greenwood Village and Sheridan – collect a local income tax, known as an occupational privilege tax. It is paid by employees who work in the municipality, regardless of where they live.
Colorado has a flat 4.4% personal income tax rate. When it comes to property taxes, Colorado has a relatively low rate, and gas taxes in Colorado are on the low end as well. However,...
Use our income tax calculator to find out what your take home pay will be in Colorado for the tax year. Enter your details to estimate your salary after tax.
For the 2024 tax year, the state income tax is a flat rate of 4.4%. Updated on Jul 23 2024. Estimate your Colorado state tax burden with our income tax calculator. Enter your annual income and filing details.
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