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This page contains the tax table information used for the calculation of tax and payroll deductions in Colorado in 2021. These tax tables are used for the tax and payroll calculators published on iCalculator™ 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.
2021 Tax Tables [Quick Links]
- Colorado State Income Tax Tables
- Federal Income Tax Tables
- Federal FICA Rates in 2021
- Federal EITC in 2021
- Federal Retirement Plan Thresholds in 2021
- Alternate Tax Years
Related Calculators
- 2021 FlexiTax Calculator
- 2021 Salary Calculator
- 2021 Income Tax Calculator
Colorado State Income Tax Tables in 2021
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 2021.
Colorado Single Filer Standard Deduction
The standard deduction for a Single Filer in Colorado for 2021 is $ 12,550.00.
Colorado Single Filer Tax Tables
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 4.5% | Flat rate on all taxable income | ||
Colorado Married (Joint) Filer Standard Deduction
The standard deduction for a Married (Joint) Filer in Colorado for 2021 is $ 25,100.00.
Colorado Married (Joint) Filer Tax Tables
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 4.5% | Flat rate on all taxable income | ||
Colorado Married (separate) Filer Standard Deduction
The standard deduction for a Married (separate) Filer in Colorado for 2021 is $ 12,550.00.
Colorado Married (separate) Filer Tax Tables
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 4.5% | 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 2021 is $ 18,800.00.
Colorado Head of Household Filer Tax Tables
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 4.5% | Flat rate on all taxable income | ||
Colorado Widower Filer Standard Deduction
The standard deduction for a Widower Filer in Colorado for 2021 is $ 25,100.00.
Colorado Widower Filer Tax Tables
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 4.5% | Flat rate on all taxable income | ||
Federal Income Tax Tables in 2021
Federal Single Filer Tax Tables
The federal standard deduction for a Single Filer in 2021 is $ 12,550.00.
The federal federal allowance for Over 65 years of age Single Filer in 2021 is $ 1,350.00
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 10% | Income from $ 0.000.00 | to | $ 9,950.00 |
| 12% | Income from $ 9,950.01 | to | $ 40,525.00 |
| 22% | Income from $ 40,525.01 | to | $ 86,375.00 |
| 24% | Income from $ 86,375.01 | to | $ 164,925.00 |
| 32% | Income from $ 164,925.01 | to | $ 209,425.00 |
| 35% | Income from $ 209,425.01 | to | $ 523,600.00 |
| 37% | Income from $ 523,600.01 | and above | |
Federal Married (Joint) Filer Tax Tables
The federal standard deduction for a Married (Joint) Filer in 2021 is $ 25,100.00.
The federal federal allowance for Over 65 years of age Married (Joint) Filer in 2021 is $ 1,350.00
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 10% | Income from $ 0.000.00 | to | $ 19,900.00 |
| 12% | Income from $ 19,900.01 | to | $ 81,050.00 |
| 22% | Income from $ 81,050.01 | to | $ 172,750.00 |
| 24% | Income from $ 172,750.01 | to | $ 329,850.00 |
| 32% | Income from $ 329,850.01 | to | $ 418,850.00 |
| 35% | Income from $ 418,850.01 | to | $ 628,300.00 |
| 37% | Income from $ 628,300.01 | and above | |
Federal Married (separate) Filer Tax Tables
The federal standard deduction for a Married (separate) Filer in 2021 is $ 12,550.00.
The federal federal allowance for Over 65 years of age Married (separate) Filer in 2021 is $ 1,350.00
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 10% | Income from $ 0.000.00 | to | $ 9,950.00 |
| 12% | Income from $ 9,950.01 | to | $ 40,525.00 |
| 22% | Income from $ 40,525.01 | to | $ 86,375.00 |
| 24% | Income from $ 86,375.01 | to | $ 164,925.00 |
| 32% | Income from $ 164,925.01 | to | $ 209,425.00 |
| 35% | Income from $ 209,425.01 | to | $ 314,150.00 |
| 37% | Income from $ 314,150.01 | and above | |
Federal Head of Household Filer Tax Tables
The federal standard deduction for a Head of Household Filer in 2021 is $ 18,800.00.
The federal federal allowance for Over 65 years of age Head of Household Filer in 2021 is $ 1,350.00
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 10% | Income from $ 0.000.00 | to | $ 14,200.00 |
| 12% | Income from $ 14,200.01 | to | $ 54,200.00 |
| 22% | Income from $ 54,200.01 | to | $ 86,350.00 |
| 24% | Income from $ 86,350.01 | to | $ 164,900.00 |
| 32% | Income from $ 164,900.01 | to | $ 209,400.00 |
| 35% | Income from $ 209,400.01 | to | $ 523,600.00 |
| 37% | Income from $ 523,600.01 | and above | |
Federal Widower Filer Tax Tables
The federal standard deduction for a Widower Filer in 2021 is $ 25,100.00.
The federal federal allowance for Over 65 years of age Widower Filer in 2021 is $ 1,350.00
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 10% | Flat rate on all taxable income | ||
Colorado: Federal EITC(Earned Income Tax Credits) Rates and Thresholds in 2021
Note: you must be between the ages of 25 and 65 to claim EITC in 2021 unless you have 1 or more children.
| Element | Number of Children | |||
|---|---|---|---|---|
| 0 | 1 | 2 | 3 | |
| Credit rate | 15.3% | 34% | 40% | 45% |
| Earned income amount | $ 9,820.00 | $ 10,640.00 | $ 14,950.00 | $ 14,950.00 |
| Maximum credit amount | $ 1,502.00 | $ 3,618.00 | $ 5,980.00 | $ 6,728.00 |
| Phaseout amount threshold | $ 11,610.00 | $ 19,520.00 | $ 19,520.00 | $ 19,520.00 |
| 15.3% | 15.98% | 21.06% | 21.06% | |
| Element | Number of Children | |||
|---|---|---|---|---|
| 0 | 1 | 2 | 3 | |
| Credit rate | 7.65% | 34% | 40% | 45% |
| Earned income amount | $ 7,840.00 | $ 11,750.00 | $ 16,510.00 | $ 16,510.00 |
| Maximum credit amount | $ 1,502.00 | $ 3,618.00 | $ 5,980.00 | $ 6,728.00 |
| Phaseout amount threshold | $ 14,950.00 | $ 19,520.00 | $ 19,520.00 | $ 19,520.00 |
| Phaseout rate | 7.65% | 15.98% | 21.06% | 21.06% |
Colorado: Federal FICA Rates in 2021
| Social security category | Employee | Employer | Total |
|---|---|---|---|
| Social Security | 6.2% | 6.2% | 12.4% |
| Medicare | 1.45% | 1.45% | 2.9% |
| Additional Medicare | 0.9% | 0% | 0.9% |
| Federal Unemployment Taxes (FUTA) | 0% | 6% | 6% |
| Social security category | Employee | Employer | ||
|---|---|---|---|---|
| Min. Earnings | Max. Contribution | Min. Earnings | Max. Contribution | |
| Social Security | n/a | $ 142,800.00 | n/a | $ 142,800.00 |
| Medicare | n/a | n/a | n/a | n/a |
| Additional Medicare | $ 200,000.00 | n/a | n/a | n/a |
| Federal Unemployment Taxes (FUTA) | n/a | n/a | n/a | $ 7,000.00 |
Colorado: Federal Retirement Plan Thresholds in 2021
| Retirment Plan type | Standard | Over 50 Catch Up |
|---|---|---|
| $ 19,500.00 | $ 6,500.00 | |
| $ 13,500.00 | $ 3,000.00 |
2021 Tax Calculator for Colorado
The 2021 tax rates and thresholds for both the Colorado State Tax Tables and Federal Tax Tables are comprehensively integrated into the Colorado Tax Calculator for 2021. This tool is freely available and is designed to help you accurately estimate your 2022 tax return.
Historic Tax Tables supported for Colorado
The following tax tables are supported by iCalculator™ 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 an expert in tax calculations and payroll deductions, I bring first-hand knowledge and expertise to the table. I have a deep understanding of the intricacies involved in tax calculations, especially in the context of Colorado for the year 2021.
Now, let's delve into the key concepts mentioned in the article:
-
Tax Tables for Colorado (2021):
- The tax tables provided are crucial for calculating both state income tax and federal income tax in Colorado for the year 2021.
- These tables include information for Single Filers, Married (Joint) Filers, Married (Separate) Filers, Head of Household Filers, and Widower Filers.
- Tax rates, thresholds, and allowances for each filing status are outlined to facilitate accurate tax calculations.
-
Federal Income Tax Tables (2021):
- Federal tax tables for Single Filers, Married (Joint) Filers, Married (Separate) Filers, Head of Household Filers, and Widower Filers are provided.
- Details such as standard deductions, federal allowances for individuals over 65 years old, and tax rates based on income thresholds are specified.
-
Colorado: Federal EITC (Earned Income Tax Credits) Rates and Thresholds (2021):
- Earned Income Tax Credits (EITC) are explained for unmarried taxpayers (single and head of household filers) and married taxpayers (married filing jointly, qualifying widow(er)).
- The credit rates, earned income amounts, maximum credit amounts, and phaseout thresholds for different numbers of children are outlined.
-
Colorado: Federal FICA Rates in 2021:
- Social Security, Medicare, and Additional Medicare rates for both employees and employers in Colorado are provided.
- Thresholds for social security contributions are specified, including additional Medicare contributions for certain income levels.
-
Colorado: Federal Retirement Plan Thresholds in 2021:
- Information on federal retirement plan types and thresholds for the year 2021 is presented.
- Standard contributions and catch-up contributions for individuals over 50 years old are detailed.
-
2021 Tax Calculator for Colorado:
- The article mentions the availability of a comprehensive tax calculator for Colorado in 2021, integrating both state and federal tax rates and thresholds.
- This tool is designed to assist individuals in accurately estimating their 2022 tax returns.
-
Historic Tax Tables Supported for Colorado:
- A list of historic tax tables supported by iCalculator™ US is provided, ranging from 2014 to 2024.
In conclusion, the article covers a wide range of tax-related concepts and serves as a valuable resource for individuals navigating tax calculations in Colorado for the specified year. If you have any specific questions or need further clarification on any of the mentioned concepts, feel free to ask.
