Colorado Tax Tables 2020 - Tax Rates and Thresholds in Colorado (2024)

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This page contains the tax table information used for the calculation of tax and payroll deductions in Colorado in 2020. These tax tables are used for the tax and payroll calculators published on iCalculatorβ„’ US, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Colorado or would like to add to or suggest amendments to the information herein then please contact us.

2020 Tax Tables [Quick Links]

  • Colorado State Income Tax Tables
  • Federal Income Tax Tables
  • Federal FICA Rates in 2020
  • Federal EITC in 2020
  • Federal Retirement Plan Thresholds in 2020
  • Alternate Tax Years

Related Calculators

  • 2020 FlexiTax Calculator
  • 2020 Salary Calculator
  • 2020 Income Tax Calculator

Colorado State Income Tax Tables in 2020

The Income tax rates and personal allowances in Colorado are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Colorado Tax Calculator 2020.

Colorado Single Filer Standard Deduction

The standard deduction for a Single Filer in Colorado for 2020 is $ 12,400.00.

Colorado Single Filer Tax Tables

Colorado Residents State Income Tax Tables for Single Filers in 2020
Personal Income Tax Rates and Thresholds (Annual income less than $ 0.00)
Tax RateTaxable Income Threshold
4.55%Flat rate on all taxable income

Colorado Married (Joint) Filer Standard Deduction

The standard deduction for a Married (Joint) Filer in Colorado for 2020 is $ 24,800.00.

Colorado Married (Joint) Filer Tax Tables

Colorado Residents State Income Tax Tables for Married (Joint) Filers in 2020
Personal Income Tax Rates and Thresholds (Annual income less than $ 0.00)
Tax RateTaxable Income Threshold
4.55%Flat rate on all taxable income

Colorado Married (separate) Filer Standard Deduction

The standard deduction for a Married (separate) Filer in Colorado for 2020 is $ 12,400.00.

Colorado Married (separate) Filer Tax Tables

Colorado Residents State Income Tax Tables for Married (separate) Filers in 2020
Personal Income Tax Rates and Thresholds (Annual income less than $ 0.00)
Tax RateTaxable Income Threshold
4.55%Flat rate on all taxable income

Colorado Head of Household Filer Standard Deduction

The standard deduction for a Head of Household Filer in Colorado for 2020 is $ 18,350.00.

Colorado Head of Household Filer Tax Tables

Colorado Residents State Income Tax Tables for Head of Household Filers in 2020
Personal Income Tax Rates and Thresholds (Annual income less than $ 0.00)
Tax RateTaxable Income Threshold
4.55%Flat rate on all taxable income

Colorado Widower Filer Standard Deduction

The standard deduction for a Widower Filer in Colorado for 2020 is $ 24,800.00.

Colorado Widower Filer Tax Tables

Colorado Residents State Income Tax Tables for Widower Filers in 2020
Personal Income Tax Rates and Thresholds (Annual income less than $ 0.00)
Tax RateTaxable Income Threshold
4.55%Flat rate on all taxable income

Federal Income Tax Tables in 2020

Federal Single Filer Tax Tables

The federal standard deduction for a Single Filer in 2020 is $ 12,400.00.

The federal federal allowance for Over 65 years of age Single Filer in 2020 is $ 1,300.00

Colorado Residents State Income Tax Tables for Single Filers in 2020
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
10%Income from $ 0.000.00to $ 9,875.00
12%Income from $ 9,875.01 to $ 40,125.00
22%Income from $ 40,125.01 to $ 85,525.00
24%Income from $ 85,525.01 to $ 163,300.00
32%Income from $ 163,300.01 to $ 207,350.00
35%Income from $ 207,350.01 to $ 518,400.00
37%Income from $ 518,400.01 and above

Federal Married (Joint) Filer Tax Tables

The federal standard deduction for a Married (Joint) Filer in 2020 is $ 24,800.00.

The federal federal allowance for Over 65 years of age Married (Joint) Filer in 2020 is $ 1,300.00

Colorado Residents State Income Tax Tables for Married (Joint) Filers in 2020
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
10%Income from $ 0.000.00to $ 19,750.00
12%Income from $ 19,750.01 to $ 80,250.00
22%Income from $ 80,250.01 to $ 171,050.00
24%Income from $ 171,050.01 to $ 326,600.00
32%Income from $ 326,600.01 to $ 414,700.00
35%Income from $ 414,700.01 to $ 622,050.00
37%Income from $ 622,050.01 and above

Federal Married (separate) Filer Tax Tables

The federal standard deduction for a Married (separate) Filer in 2020 is $ 12,400.00.

The federal federal allowance for Over 65 years of age Married (separate) Filer in 2020 is $ 1,300.00

Colorado Residents State Income Tax Tables for Married (separate) Filers in 2020
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
10%Income from $ 0.000.00to $ 9,875.00
12%Income from $ 9,875.01 to $ 40,125.00
22%Income from $ 40,125.01 to $ 85,525.00
24%Income from $ 85,525.01 to $ 163,300.00
32%Income from $ 163,300.01 to $ 207,350.00
35%Income from $ 207,350.01 to $ 311,025.00
37%Income from $ 311,025.01 and above

Federal Head of Household Filer Tax Tables

The federal standard deduction for a Head of Household Filer in 2020 is $ 18,350.00.

The federal federal allowance for Over 65 years of age Head of Household Filer in 2020 is $ 1,300.00

Colorado Residents State Income Tax Tables for Head of Household Filers in 2020
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
10%Income from $ 0.000.00to $ 14,100.00
12%Income from $ 14,100.01 to $ 53,700.00
22%Income from $ 53,700.01 to $ 85,500.00
24%Income from $ 85,500.01 to $ 163,300.00
32%Income from $ 163,300.01 to $ 207,350.00
35%Income from $ 207,350.01 to $ 518,400.00
37%Income from $ 518,400.01 and above

Federal Widower Filer Tax Tables

The federal standard deduction for a Widower Filer in 2020 is $ 24,800.00.

The federal federal allowance for Over 65 years of age Widower Filer in 2020 is $ 1,300.00

Colorado Residents State Income Tax Tables for Widower Filers in 2020
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
10%Income from $ 0.000.00to $ 19,750.00
12%Income from $ 19,750.01 to $ 80,250.00
22%Income from $ 80,250.01 to $ 171,050.00
24%Income from $ 171,050.01 to $ 326,600.00
32%Income from $ 326,600.01 to $ 414,700.00
35%Income from $ 414,700.01 to $ 622,050.00
37%Income from $ 622,050.01 and above

Colorado: Federal EITC(Earned Income Tax Credits) Rates and Thresholds in 2020

Note: you must be between the ages of 25 and 65 to claim EITC in 2020 unless you have 1 or more children.

EITC Tables for Unmarried Taxpayers (single and head of household filers) in 2020
ElementNumber of Children
0123
Credit rate7.65%34%40%45%
Earned income amount$ 7,030.00$ 10,540.00$ 14,800.00$ 14,800.00
Maximum credit amount$ 538.00$ 3,584.00$ 5,920.00$ 6,660.00
Phaseout amount threshold$ 8,790.00$ 19,330.00$ 19,330.00$ 19,330.00
7.65%15.98%21.06%21.06%
EITC Tables for Married taxpayers (married filing jointly, Qualifying Widow(er)) in 2020
ElementNumber of Children
0123
Credit rate7.65%34%40%45%
Earned income amount$ 7,840.00$ 11,750.00$ 16,510.00$ 16,510.00
Maximum credit amount$ 538.00$ 3,584.00$ 5,920.00$ 6,660.00
Phaseout amount threshold$ 14,800.00$ 19,330.00$ 19,330.00$ 19,330.00
Phaseout rate7.65%15.98%21.06%21.06%

Colorado: Federal FICA Rates in 2020

Colorado Social Security in 2020: Rates for Employers and Employees
Social security categoryEmployeeEmployerTotal
Social Security6.2%6.2%12.4%
Medicare1.45%1.45%2.9%
Additional Medicare0.9%0%0.9%
Federal Unemployment Taxes (FUTA)0%6%6%
Colorado Social Security in 2020: Thresholds for Employers and Employees
Social security categoryEmployeeEmployer
Min. EarningsMax. ContributionMin. EarningsMax. Contribution
Social Securityn/a$ 137,700.00n/a$ 137,700.00
Medicaren/an/an/an/a
Additional Medicare$ 200,000.00n/an/an/a
Federal Unemployment Taxes (FUTA)n/an/an/a$ 7,000.00

Colorado: Federal Retirement Plan Thresholds in 2020

Federal Retirement Plan Types and Thresholds in 2020
Retirment Plan typeStandardOver 50 Catch Up
401(k), 403(b), SARSEP, and 457 plans$ 19,500.00$ 6,500.00
SIMPLE plans$ 13,500.00$ 3,000.00

2020 Tax Calculator for Colorado

The 2020 tax rates and thresholds for both the Colorado State Tax Tables and Federal Tax Tables are comprehensively integrated into the Colorado Tax Calculator for 2020. This tool is freely available and is designed to help you accurately estimate your 2021 tax return.

Historic Tax Tables supported for Colorado

The following tax tables are supported by iCalculatorβ„’ US as part of the suite of free tax tools available in the US Tax HUB we provide for Colorado.

  • Colorado 2024 Tax Tables
  • Colorado 2023 Tax Tables
  • Colorado 2022 Tax Tables
  • Colorado 2021 Tax Tables
  • Colorado 2020 Tax Tables
  • Colorado 2019 Tax Tables
  • Colorado 2018 Tax Tables
  • Colorado 2017 Tax Tables
  • Colorado 2016 Tax Tables
  • Colorado 2015 Tax Tables
  • Colorado 2014 Tax Tables

As a tax expert with a deep understanding of tax tables and payroll deductions, I can provide comprehensive information on the concepts mentioned in the article about Colorado State Income Tax Tables for 2020. My expertise is demonstrated by my knowledge of tax rates, thresholds, and allowances for various filers in both Colorado and the federal system.

Let's break down the key concepts mentioned in the article:

  1. Colorado State Income Tax Tables (2020):

    • Tax rates, thresholds, and allowances are updated annually for Resident and Non-resident taxpayers.
    • Standard deductions for different filing statuses (Single, Married Joint, Married Separate, Head of Household, and Widower) are specified.
  2. Federal Income Tax Tables (2020):

    • Federal standard deductions for Single, Married Joint, Married Separate, Head of Household, and Widower filers are provided.
    • Detailed federal personal income tax rates and thresholds for different income brackets are outlined.
  3. Federal EITC (Earned Income Tax Credits) Rates and Thresholds (2020):

    • EITC tables for unmarried taxpayers (single and head of household filers) and married taxpayers are presented.
    • Specifics on credit rates, earned income amounts, maximum credit amounts, phaseout thresholds, and rates are detailed.
  4. Federal FICA Rates in 2020:

    • Social Security rates for employees and employers are provided.
    • Medicare rates, including additional Medicare rates, are outlined.
    • Federal Unemployment Taxes (FUTA) rates for employers are mentioned.
  5. Federal Retirement Plan Thresholds (2020):

    • Retirement plan types (401(k), 403(b), SARSEP, 457 plans, and SIMPLE plans) with associated thresholds are listed.
  6. 2020 Tax Calculator for Colorado:

    • A tool that integrates both Colorado State Tax Tables and Federal Tax Tables, allowing users to estimate their 2021 tax return accurately.
  7. Historic Tax Tables Supported for Colorado:

    • Information about supported tax tables for various years, providing a historical perspective.

For those interested in using the iCalculatorβ„’ US tools, the Colorado Tax Calculator for 2020 is highlighted as a freely available resource.

Feel free to ask for more specific details or if you have any questions related to these tax concepts.

Colorado Tax Tables 2020 - Tax Rates and Thresholds in Colorado (2024)

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