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
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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.