Understanding Colorado Tax Benefits
Certain tax benefits can reduce your Colorado taxable income. To find out if you qualify for any of these benefits, please review the descriptions below. We've also provided helpful guides and forms to assist you.
Important Notes
- Negative Amounts: Do not enter negative amounts when claiming these benefits.
- Accuracy for Faster Processing: For faster processing, your tax return must be accurate. The amount on the subtraction line of your income tax return must match the subtotal on the subtraction schedule or form.
You may use the Department's free online service, Revenue Online, to file your Colorado income tax return. You do not need to login to Revenue Online to file a return. After you file, you can set up a Login ID and Password to view your tax account in Revenue Online. Or, you can e-file using a paid tax pro or tax software. You may submit your documentation as an E-Filer Attachment via Revenue Online, as well.
Families and Individuals Tax Benefits
Discover all the ways families and individuals can save with Colorado tax benefits. These tax benefits can help offset the cost of raising children. They can reduce your tax burden and even provide a refund. At the Colorado Department of Revenue, we want to help you save money on taxes. This page will help you find ways to save with family and individual tax benefits for which you may qualify.
Seniors and Retirees Tax Benefits
Colorado offers many tax benefits designed to support seniors and retirees. The State offers a big tax break on retirement income and lets you shield some of your retirement income from state taxes. Seniors can get property tax exemptions that may lower your tax bill. By using these benefits, Colorado seniors can have a more comfortable retirement. This page will help you find ways to save with Seniors and Retiree tax benefits for which you may qualify.
Climate Friendly Tax Benefits
Colorado offers many tax benefits to promote climate friendly practices. Coloradans can cut their carbon footprint and taxes by making qualified purchases. At the Colorado Department of Revenue, we want to help you save money on taxes. This page will help you find ways to save with eco-friendly tax benefits for which you may qualify.
Charitable Contributions Tax Benefits
Colorado offers generous tax benefits for charitable contributions. Donating to qualified charities can cut your state income tax. These deductions can apply to a wide range of donations. The Colorado Department of Revenue wants to help you maximize your tax savings. This page will help you find ways to save with charitable contributions tax benefits that you may qualify for.
Need extra help with your taxes?
Many community groups, nonprofit organizations, and volunteer programs offer income tax filing assistance at low or no cost for individuals and families. Click here for more information about some of the services available in Colorado.
Colorado Promise
Tax Credits for Higher Education
Ready to take the next step in your education? Colorado offers a variety of opportunities to further your learning. From community colleges to universities, you can find the right fit to achieve your goals. Visit the Colorado Department of Higher Education to explore your options and learn more about available resources and programs. Learn More About Tax Credits For Higher Education.