Colorado Tax FAQs

• taxmOuth Colorado Tax FAQs

Colorado Tax Forms

• taxmOuth Colorado Tax Forms

Colorado Corporate Taxes

• taxmOuth Colorado Corporate Taxes
• Colorado Tax Rates & Brackets:
  
  4.63%> $0
  
• Loss Carry-back/fwd: 0 Years Back / 20 Years Forward (Unlimited)
• Throwback Sales?: Y
• Foreign Tax Deductible?: Y
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: N

Colorado Tax Incentives and Credits

• taxmOuth Colorado Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: N

Colorado Individual Income Taxes

• taxmOuth Colorado Individual Income Taxes
• Colorado tax rates and brackets:
  
  4.63% of federal taxable income
  
• Local Option IT Rate: None
• Federal Inc used as Base?: Y
• Standard Deductions: Single N/A / Joint N/A
• Personal Exemptions/Credits (c): Single N/A / Joint N/A / Dependent N/A
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: Y

Colorado Estate, Gift and Inheritance Taxes

• taxmOuth Colorado Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Copies Federal
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Colorado Miscellaneous Taxes

• taxmOuth Colorado Miscellaneous Taxes
• Gas Tax: 22.0 cents/gallon
• Diesel Tax: 20.5 cents/gallon
• Cigarette Tax: 84.0 cents/20 pack

Colorado Pass-through Tax Treatment

• taxmOuth Colorado Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

Colorado Payroll Taxes

• taxmOuth Colorado Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #20

Colorado Property Taxes

• taxmOuth Colorado Property Taxes
• Median Tax Paid on Homes (Rank): $1,395 (#30)
• Median Value of Homes: $242,200
• Tax as % of Home Value (Rank): 0.58% (#38)
• Median Income of Homeowner: $72,539
• Tax as % of Income (Rank): 1.92% (#37)

Colorado Sales and Use Taxes

• taxmOuth Colorado Sales and Use Taxes
• State Rate: 2.9%
• County & City (Weighted Ave): 4.34%
• Combined State and Ave. Local Rates (Rank): 7.24% (#13)
• General Treatment of Services: Exempt
• Gasoline: Partial
• Groceries: Exempt