Colorado Income Tax Calculator

Tax Year: 2024 – 2025

Colorado employs a flat income tax rate of 4.4% for all income levels, offering simplicity along with various tax credits and deductions for residents.

Effortlessly calculate your income taxes and relevant payroll taxes using our Colorado salary calculator.

Salary Calculator Colorado

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

Colorado Income Tax Calculator 2023
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Overview

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Full Breakdown

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The TaxAssist+ calculator computes your federal and state income taxes for the 2024/25 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.

Step 1

Our US research professionals meticulously compile and scrutinize the latest tax laws and regulations to ensure foundational accuracy.
James Toth
Financial Services Research Expert

Step 2

A dedicated team of independent fact-checkers rigorously reviews and authenticates the compiled data for integrity and compliance.
Fact-checked
By independent fact-checkers

Step 3

Our tech team then integrates these verified updates into the TaxAssist+ calculators, ensuring they reflect the most current tax rates.
Liam Hollis
Product & IT Lead at TNGB Research

Not From The US? Convert Your Salary To US Dollars

TaxAssist+ from The Next Gen Business is a tax calculation tool, tailored to use each country’s local currency for precision and simplicity.

To fully utilize this feature, please convert your native currency into USD, ensuring accurate and efficient tax computations.

Found an error in our calculator? Send us a message →

📌 Income Tax in Colorado?

Colorado employs a flat income tax rate of 4.4% for all income levels. This simplicity is appealing, but the state has also implemented various tax credits and deductions to assist residents.

📌 Gas Taxes in Colorado?

Colorado’s gas tax rate is $0.22 per gallon, with additional fees and taxes bringing the total to $0.279 per gallon. The state uses gas tax revenue for road maintenance and improvement.

📌 Are There Estate Taxes in Colorado?

Interestingly, Colorado does not levy an estate tax and has no plans to introduce one in the near future.

📌 Sales Tax in Colorado?

Interestingly, Colorado features a statewide sales tax rate of 2.9%, the lowest non-zero rate in the country. Local sales taxes can range from 0% to 8.3%, leading to a combined rate of up to 11.2%.

📌 What Are Property Taxes in Colorado?

With an average effective property tax rate of 0.52%, the state has implemented tax reforms to limit property tax increases and provide rebates.

References

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