Business accountants denver

Income Tax Rates In Colorado – State And Federal

Need tips for how to lower your income taxes? Call (720) 613-5595 for a free consultation with a CPA.

The income tax rate in Colorado is a flat 4.63%, no matter how much you make. This 4.63% rate applies to your federal taxable income.

The federal income tax rate varies, depending on your income level. Below are the federal income tax rates and brackets for 2019.

Federal Income Tax Rates 2019 – Single

$0 to $9,700: 10% rate

$9,701 to $39,475: 12% rate

$39,476 to $84,200: 22% rate

$84,201 to $160,725: 24% rate

$160,726 to $204,100: 32% rate

$204,101 to $510,300: 35% rate

$510,301 and above: 37% rate

Federal Income Tax Rates 2019 – Married

$0 to $19,400: 10% rate

$19,401 to $78,950: 12% rate

$78,960 to $168,400: 22% rate

$168,401 to $321,450: 24% rate

$321,451 to $408,200: 32% rate

$408,201 to $612,350: 35% rate

$612,351 and above: 37% rate

Federal Income Tax Rates 2019 – Head of Household

$0 to $13,850: 10% rate

$13,851 to $52,850: 12% rate

$52,851 to $84,200: 22% rate

$84,201 to $160,700: 24% rate

$160,701 to $204,100: 32% rate

$204,101 to $510,300: 35% rate

$510,301 and above: 37% rate

As part of our accounting and bookkeeping services, we offer tax planning. If you’re starting a new business, we can help you choose the legal entity that will offer you the most tax benefits. If you’re currently running a business, we can help you take the maximum allowable deductions and make suggestions for retirement plans.

For information about the federal and state income tax levels in Colorado, or to schedule a free consultation with a CPA, please call (720) 613-5595, or e-mail contact@businessaccountantsdenver.com.

Please make note: Our accounting firm is in the Denver area. We offer a range of accounting and bookkeeping services, including QuickBooks training and virtual bookkeeping.