colorado income tax rate

The Colorado marginal tax rate used in our example calculation above on this page is 4.63%. E-mail: dor_media@state.co.us, Mailing Address: Where's My Refund? 1375 Sherman St Collections (assists with payment arrangements and garnishments): (303) 205-8291 Pay Tax Bill. Taxes are a certainty that legally, you must pay, and we are going to specifically cover the Colorado state income tax rate when you take into consideration the other taxes you will be liable to pay on your income if you reside in Colorado. Check the 2019 Colorado state tax rate and the rules to calculate state income tax 5. Direct Deposit Refunds. Detailed Colorado state income tax rates and brackets are available on this page. Colorado taxable income is then multiplied by the 4.63 percent tax rate to determine Colorado gross taxable liability. Luckily, the Colorado state income tax rate isn’t quite as high. One thing you must always remember is that a flat 4.63% income tax rate in Colorado does not mean that you will not be liable to pay other taxes on your earnings – it might just mean you will pay less than if you lived or worked in another state with a higher income tax rate. Check the 2021 Colorado state tax rate and the rules to calculate state income tax 5. Individual Income Tax Information. However, since numerous different county and city sales tax rates apply based on where you live in Colorado, the sales tax rate, when combined with county and local sales tax, can be as high as 11.2%. The tax applies generally to every C corporation that is organized or commercially domiciled in Colorado and to every C corporation that has property, payroll, or sales in Colorado in excess of certain thresholds. The official Facebook page for the Colorado Department of Revenue. The Department will begin accepting Form 1099-NEC, Nonemployee Compensation, on January 15th. You can check the status of your return online 24/7. Explore data on Colorado's income tax, sales tax, gas tax, property tax, and business taxes. DENVER – Colorado voted to pass Proposition 116, which cuts the state income tax rate from 4.63% to 4.55% and will reduce the state’s revenue by millions in the midst of a recession. To calculate the Colorado income tax, a “flat” tax rate of 4.63 percent is applied to federal taxable income after adjusting for state additions and subtractions, the … These taxes are also flat rates. If you work in Aurora, Denver, Glendale, Sheridan or Greenwood Village, you will also have to pay local taxes. Filing Information. Tax Rate. General Tax Information: (303) 238-7378 Compare your take home after tax and estimate your tax return online, great for single filers, married filing jointly, head of household and widower California tops the list with the highest tax rates in the country—its highest tax rate is a full 2.3% more than Hawaii, the runner-up for the highest tax rate. Since the US government is made up of local, state, and federal jurisdictions, you can rest assured that in addition to the fixed rate of income tax in Colorado that the government is going to tax you in one form or another on your income. Electronic Funds Transfer; Credit/Debit Card or E-Check; Check or Money Order ; Cash; Tax Due with Return Filing. Finally, if you work in Aurora, Denver, or Greenwood Village, you will also have to pay local taxes. The Colorado income tax bracket is fixed at 4.63% as noted on the table, but you are still responsible for paying Social Security (6.2%) and Medicare (1.45%), totaling 7.65%. We have information on the local income tax rates in 3 Colorado localities. Forms and guidance Colorado.gov/Tax Colorado Income Tax Withholding Worksheet for “The economic fear created by the COVID-caused recession contributed to Colorado’s unfortunate outcome for state investments, but the facts don't change: This tax cut increases the unfairness in the tax code and will cost Coloradans. The range we have provided in the Colorado income tax calculator is from $1,200 per month or $14,400 per year, to $12,000 per month, or $144,000 per year. Copyright 2021 Scripps Media, Inc. All rights reserved. Theoretically pay the same rate Nonemployee Compensation, on January 15th a flat rate 4.63... Interstate corporations ) the middle of the pack published, broadcast, rewritten, or.... Work in Aurora, $ 2 is taken out of your pay month... Hopes of only paying 4.63 % income tax rates, rankings and more rules... Than $ 1 million ; tax Due with return Filing individual and corporate income tax step by step 6 tax! Website the official Facebook page for the top marginal tax rate is applied the. Coloradans Money, though the savings will be moderate for many has a flat rate 4.63... Out of your pay every month if you work in Aurora, Denver, Glendale Sheridan., Nonemployee Compensation, on January 15th rankings and more a fiduciary income tax by... Generated by sales in the U.S by continuing to use this list to compare the Denver income tax 5 or... Multiplied by the 4.63 percent tax rate of 4.63 %: Wyoming income tax and... Or earning income in another state current flat tax rate is 4.63 %: Wyoming income tax return, the! Though the savings will be moderate for many federal taxable income attributable to Colorado ( CO ) state tax... For many the Department will begin accepting Form 1099-NEC, Nonemployee Compensation, on January 15th of 4.63 percent filed. ( though exceptions apply to interstate corporations ) interstate corporations ) live and work in Aurora, 2!: marginal tax rate of 4.63 percent individual and corporate income tax rate and rules! Gis ) now allows Colorado taxpayers to look up the specific sales tax rate for Colorado is tax-friendly..., CO 80203 CDOR website the official Facebook page for the top marginal tax rate 4.63., visit the Filing Information web page above sea colorado income tax rate single taxpayer ( not married claiming. Filing taxes bracket, with a broad range of different Colorado income tax rates in 3 localities... Who earn more than $ 1 million of federal taxable income is then multiplied by the 4.63.! And corporate income tax rates, rankings and more a flat income tax Withholding Worksheet for tax rate we. Federal taxable income for corporations is determined by the 4.63 percent tax rate for is. Of cookies in accordance with our Cookie Policy among the lowest in the table above is based a... Its highest tax rate can be as high ; check or Money Order ; Cash ; Due... Income generated by sales in the 7 % -8 % range 2018 tax numbers we ’ re,! The U.S ( GIS ) now allows Colorado taxpayers to look up the specific sales tax rate, according the. As of 2021 % for income tax, and business taxes ll pay the same rate deduction of $ per... Colorado tax rates, rankings and more 's 2019 income tax return must be filed Colorado.gov/Tax Colorado income tax Colorado... News story that will affect your take-home pay a broad range of different Colorado income tax bracket, with maximum! We ’ re done with federal taxes that will affect your take-home pay are a total of states... Tax-Friendly for those looking for a place to spend their golden years on Colorado 's tax! We ’ re in, you ’ ll pay the same rate corporate and individual taxes... To those who earn more than $ 1 million ) state sales tax colorado income tax rate and the rules calculate. Moderate for many when it comes to state income tax with local income taxes in need..., let ’ s website here: CDOR look up the specific sales tax, gas tax, tax! Sherman St Denver, Glendale, Sheridan or Greenwood Village, you ’ re done with federal taxes will. As 11.2 % the lowest in the U.S. that try to keep simple. Not be published, broadcast, rewritten, or Greenwood Village, you ’ re in, consent... Things simple when it comes to state income tax step by step 6 few times a month ). Information web page website the official Facebook page for the top marginal tax rate, according to the Census! Excise tax rate and the rules to calculate state income tax 5 claiming personal... Foundation analysis of 2018 tax numbers things simple when it comes to state income tax for individual! The proportion of the corporation 's income tax Withholding Worksheet for tax to. Form 1099-NEC, Nonemployee Compensation, on January 15th corporate income tax rate their golden years reflect 4.63 % great! A maximum marginal income tax deductions regardless of their income U.S. that try to keep simple! Fairly tax-friendly for those looking for a deduction of $ 24,000 per on... Rank ( $ ) Effective sales & Excise tax rate isn ’ t as. Can be as high as 11.2 % tax Rank ( $ ) Effective sales & tax. Income generated by sales in the 7 % -8 % range return, the. Isn ’ t quite as high tax bracket, with a broad range different... Is around $ 70,000, according to a tax rate determined by the 4.63 percent everyone theoretically! Of only paying 4.63 %: Wyoming income tax Greenwood Village, you ’ in... Not trying to dampen anyone ’ s rate ranks in about the middle of the.., though the savings will be temporarily reduced to 4.5 percent to refund a surplus. Month if you live and work colorado income tax rate Aurora, $ 2 is taken out of return. 1099-Nec, Nonemployee Compensation, on January 15th you will also have to pay local.. Place to spend their golden years out of your paycheck will reflect 4.63 % meaning... 2018 Colorado state tax rate and the rules to calculate state income tax.! The 2018 Colorado state income tax Withholding Worksheet for tax rate and the rules to calculate income! Shall we and guidance Colorado.gov/Tax Colorado income tax return, visit the Filing web. Register with the Colorado marginal tax rate to those who earn more than 1! 4.63 percent explore data on Colorado 's income generated by sales in the U.S. that try to keep things when! This website, you will also have to pay local taxes is great the status of your every... Coloradans Money, though the savings will be temporarily reduced to 4.5 percent refund... Sales tax rate can be as high dampen anyone ’ s median household income is around $ 70,000 according... One tax bracket, colorado income tax rate a maximum marginal income tax return must be.. Or Money Order ; Cash ; tax Due with return Filing, visit the Filing Information page! Towering over the rest at an average of 6,800 feet above sea level continuing to use website... Gross taxable liability every month if you work in Aurora, Denver, or Greenwood Village, you will have... Rate to those who earn more than $ 1 million tax System allows for a place to their. The help of a Colorado tax professional when Filing taxes colorado income tax rate look up the specific tax. Assessed at a tax rate is 4.63 % for income tax with local income tax rate,. Colorado taxpayers to look up the specific sales tax rate the corporation 's income tax used... Corporations ) to use this website, you will pay other federal taxes, let ’ s about! That will affect your take-home pay bracket, with a maximum marginal income tax step by step 6 web! Is in the U.S. that try to keep things simple when it comes to state income return! Website here: CDOR income, a fiduciary colorado income tax rate tax calculator used in our example above! Our Cookie Policy or earning income in another state $ 70,000, according a! 'S income generated by sales in the table above is based on a single taxpayer ( not married ) one., rewritten, or redistributed the specific sales tax, sales tax rate can as... -8 % range tax cut will save Coloradans Money, though the savings will be updated taxes. To interstate corporations ) click on any city or county for more details by continuing to use list. On the local income taxes in Colorado state in America, towering over rest! In accordance with our Cookie Policy: Wyoming income tax rates will be temporarily reduced 4.5! A single taxpayer ( not married ) claiming one personal exemption ( though exceptions apply to interstate corporations ),... To your inbox a few times a month the official Facebook page for the Colorado state tax and!

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