Colorado Salary & Paycheck Calculators

Updated October 2024
Select state

Colorado employs a flat income tax system with a single rate of 4.4% for tax year 2024, which applies to all taxable income levels. This straightforward approach simplifies calculations but can still significantly impact your net income. While less complex than some other states, Colorado's tax code includes various deductions and credits that can affect your paycheck.

Colorado Income Tax Highlights

  • 4.4% flat rate on all taxable income for both individuals and joint filers

This rate applies to residents on all sources of income and to non-residents on Colorado-sourced income. The state follows federal guidelines for many deductions and exemptions, which can affect your taxable income.

Colorado Calculators & Tools

Calculate Your Take-Home Pay

Input your income details and see how much you make after taxes and deductions.

Net-to-Gross

Find out how much your gross pay should be for a specific take-home pay.

Key Points to remember about the Colorado Paycheck Structure

  • Flat tax rate simplifies calculations
  • State follows federal adjusted gross income as a starting point
  • Colorado offers various tax credits, including a state Earned Income Tax Credit
  • No local income taxes in most areas (Denver has an Occupational Privilege Tax)
  • State allows itemized or standard deductions, following federal elections

Understanding these aspects of Colorado's tax landscape is crucial for accurately estimating your net income and managing your finances effectively in the Centennial State. While the flat tax rate makes basic calculations straightforward, various credits and deductions can still impact your final take-home pay.

Learn more about the Payroll Process in Colorado

Visit the Colorado Payroll Guide page

Fun Facts

Known for its Rocky Mountains, Colorado offers world-class skiing and outdoor activities. Denver, the capital, is a growing cultural and business center. Colorado is also one of the first states to legalize recreational marijuana.

Back to top
Updated April 2024These free resources should not be taken as tax or legal advice. Content provided is intended as general information. Tax regulations and laws change and the impact of laws can vary. Consult a tax advisor, CPA or lawyer for guidance on your specific situation.
CaliforniaPrev: California
ConnecticutNext: Connecticut