Colorado Income Tax Calculator 2023 - The Next Gen Business

Overview of Colorado Taxes

Colorado, for the tax year 2023 (taxes filed in 2024), retains a flat income tax rate of 4.4%, ensuring simplicity in tax computations for both individuals and businesses. The corporate scene is further enlivened with a competitive sales tax rate of 2.9%.

To use the Colorado income tax calculator, simply input your desired salary and filing status to begin.

2023/24 Colorado Income Tax Calculator

Earn 4.65% APY

CIT Bank Savings Connect Account

4.5

Convenience and security, without the fees. Open an account in about 5 minutes.

OPEN ACCOUNT

on CIT Bank’s secure website

Best Tax Software Overall

Get Your Biggest Refund For FREE With TurboTax

5.0

$0 Fed. $0 State. $0 to File. For simple tax returns only. See if you qualify.

Get Your Biggest Refund For FREE With TurboTax

FILE FOR FREE

on TurboTax’s secure website

^{View our advertiser disclosure here.}

The TaxAssist+ calculator computes your federal and state income taxes for the 2023/24 tax year, using several key factors such as your household income, geographical location, and filing status.

HOW INCOME TAXES ARE CALCULATED

Initially, the calculator identifies your adjusted gross income (AGI) by reducing your total household income by specific, allowable adjustments.
We then subtract potential personal exemptions to arrive at your taxable income.
Your taxable income is subjected to relevant tax brackets based on your filing status to determine the total income tax you owe for the year.

Update Schedule: TaxAssist+ continuously monitors for amendments to tax rates and regulations, ensuring that our calculators remains current for the current tax year.

Customer Support: For any comments or inquiries, we encourage you to reach out directly to our support team via our contact page.