![]() If the individual earns wage income as an employee, their employer will generally withhold Colorado income tax from their wages. ![]() Individuals are generally required to remit Colorado income tax as they receive income throughout the year. Colorado law requires certain additions, and permits certain subtractions, in the calculation of Colorado taxable income. If an individual is not required to file a federal income tax return, they generally are not required to file a Colorado income tax return.Ĭolorado income tax is based generally on federal taxable income, although various modifications and adjustments are made in the calculation of Colorado income tax. In general, each Colorado resident, part-year resident, or nonresident with income from Colorado sources is required to file a Colorado return if they are required to file a federal income tax return or they incur a Colorado tax liability. ![]() In the case of an individual who is a Colorado resident for only part of the year, Colorado tax is imposed both on the income recognized while the individual was a Colorado resident, as well as any income derived from Colorado sources. Colorado income tax also applies to the Colorado-source income of any nonresident individual. Americans with Disabilities Act (ADA) AccommodationsĬolorado imposes a tax on the income of every Colorado resident individual.
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