Business accountants denver

Income Tax Rates In Colorado – State And Federal

Need tips for how to lower your income taxes? Call for a free consultation with a CPA, 303-587-6284.

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 2017.

Federal Income Tax Rates 2017 – Single

$0 to $9,325: 10% rate

$9,325 to $37,950: 15% rate

$37,950 to $91,900: 25% rate

$91,900 to $191,650: 28% rate

$191,650 to $416,700: 33% rate

$416,700 to $418,400: 35% rate

$418,400 and above: 39.6% rate

Federal Income Tax Rates 2017 – Married

$0 to $18,650: 10% rate

$18,650 to $75,900: 15% rate

$75,900 to $153,100: 25% rate

$153,100 to $233,350: 28% rate

$233,350 to $416,700: 33% rate

$416,700 to $470,700: 35% rate

$470,700 and above: 39.6% rate

Federal Income Tax Rates 2017 – Head of Household

$0 to $13,350: 10% rate

$13,350 to $50,800: 15% rate

$50,800 to $131,200: 25% rate

$131,200 to $212,500: 28% rate

$212,500 to $416,700: 33% rate

$416,700 to $444,500: 35% rate

$444,500 and above: 39.6% 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 additional information about the federal and state income tax levels in Colorado, or to schedule a free consultation with a CPA, please call (303) 587-6284, or e-mail contact@businessaccountantsdenver.com.

If you would prefer, you can directly book your consult with accountant Janet Kramer online.

Please note: Our accounting firm is south of Denver, near Park Meadows Mall. We offer a range of accounting and bookkeeping services, including QuickBooks training and virtual bookkeeping.