Colorado Income Tax Calculator

Calculate your federal & Colorado income taxes

Updated for 2023 tax year on Jan 01, 2023

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Income tax calculators by state

Colorado income tax calculation

The Centennial State has magnificent scenery of mountains, rivers, and plains. The major economy contributors are agriculture, mining, manufacturing, and tourism. The median household income is $84,954 (2022).

Brief summary of Colorado state income tax:

state income tax is a flat rate of 4.55%
no state-level payroll tax
no state-level standard deduction and exemptions

From Wikipedia

Calculating your Colorado state income tax is similar to the steps we listed on our Federal income tax calculator:

Determine your filing status
Gross income − Retirement contributions = Adjusted gross income
Adjusted gross income − Itemized deductions = State taxable income
State taxable income × State tax rate = State tax liability

State payroll tax

Colorado has no state-level payroll tax.

State income tax brackets

Refer to Tax Foundation for more details.

Tax year	Filing status	Taxable income	Rate
2022 2021	Any	Any	4.55%
2020	Any	Any	4.63%

State standard deduction

Tax year	Filing status	Adjusted gross income	Standard deduction amount
2022	Single Married, Filing Separately	Any	$12,950
	Married, Filing Jointly	Any	$25,900
	Head of Household	Any	$19,400
2021	Single Married, Filing Separately	Any	$12,550
	Married, Filing Jointly	Any	$25,100
	Head of Household	Any	$18,800
2020	Any	Any	$0

State exemptions

There is no state-level exemptions.

FAQs

How do I calculate my Colorado income tax?

Calculate your Colorado income tax with the following steps.

Determine your filing status
Gross income − Retirement contributions = Adjusted gross income
Adjusted gross income × State tax rate = State tax liability

How much is $73000 a year after taxes in Colorado?

A single filer will have a after-tax income of $53,223.22 after a total income tax of $15,776.78.