Colorado Income Tax Calculator

Calculate your federal & Colorado income taxes

Updated for 2023 tax year on Jan 01, 2023

What was updated? 2023 federal FICA, income tax rates & standard deduction
Calculation not correct? Request new features?

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
Colorado United States

From Wikipedia

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

  1. Determine your filing status
  2. Gross income − Retirement contributions = Adjusted gross income
  3. Adjusted gross income − Itemized deductions = State taxable income
  4. 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.

  1. Determine your filing status
  2. Gross income − Retirement contributions = Adjusted gross income
  3. 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.