How Much Tax Is on a Dollar in Colorado?

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.

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