Colorado Paycheck Calculator

Calculate your take home pay after federal & Colorado 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?

Paycheck calculators by state

Colorado state income tax

Colorado has a population of over 5 million (2019) and is one of the Mountain States. Denver is the capital and most populous city of the Centennial State. The median household income is $69,117 (2017).

Brief summary:

  • the income tax is a flat rate of 4.55%
  • no state-level payroll tax
  • no standard deductions and exemptions
Colorado United States

From Wikipedia

Colorado tax year starts from July 01 the year before to June 30 the current year. So the tax year 2022 will start from July 01 2021 to June 30 2022.

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

  1. figure out your filing status
  2. work out your adjusted gross income [Net income – Adjustments = Adjusted gross income]
  3. calculate your taxable income [Adjusted gross income – Itemized deductions = Taxable income]
  4. understand your income tax liability [Taxable income × Income tax rate = Income tax liability]
  5. minus any tax liability, deductions, withholdings [Net income – (Income tax liability + Pre-tax deductions + Post-tax deductions + Withholdings) = Your paycheck]

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 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 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

What taxes do Coloradan pay?

Beside the federal income tax, the residents of Colorado only need to pay the state-level income tax which is a flat rate of 4.55%.

How much do you make after taxes in Colorado?

A single filer making $69,000 per year will take home $53,223.22 after tax.
A married couple with a combined annual income of $138,000 will get $106,446.45 after tax.

How much taxes are deducted from a $69,000 paycheck in Colorado?

The total taxes deducted for a single filer are $1413.18 monthly or $652.23 bi-weekly.