Colorado Income Tax Information
The income tax rate in Colorado is 4.63%. It is a flat tax rate. You will be taxed the same rate regardless of your income level.
- Your tax is $0 if your income is below the standard deduction.
- A single Colorado taxpayer with $70,000 in wages would pay about $2,471 to the state.
Tax Calculation Details
Colorado generally uses a taxpayer’s federal taxable income as a starting point for calculating Colorado taxable income.
- Certain state-specific tax credits and rules for additions and subtractions to income can affect tax liability.
- If you work in Aurora, Denver, or Greenwood Village, you will also have to pay local taxes.
Colorado State Tax Calculation
- Determine your filing status to estimate your Colorado income tax.
- Take advantage of deductions and credits to save on state taxes.
- The minimum wage in Colorado in 2023 is $13.65 per hour.