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Colorado Department of Revenue
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2020 Individual Statistics of Income
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Table 25. Colorado Additions and Subtractions by Size of Federal AGI
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This table summarizes the types of Colorado additions and subtractions full-year residents claimed on Colorado returns. Subtractions are presented as negative values to distinguish them from the additions.
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I. Number of Returns
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Size of Federal AGIState AddbackBusiness Interest Expense Deduction AddbackExcess Business Loss AddbackNet Operating Loss AddbackOther AdditionsState Income Tax Refund SubtractionU.S. Government Interest SubtractionPension and Annuity SubtractionMilitary Retirement Benefit SubtractionColorado Capital Gain SubtractionTuition Program Contribution SubtractionQualifying Charitable Contribution SubtractionQualified Reservation Income SubtractionPERA/DPSRS
Subtraction ¹		Railroad Benefit SubtractionWildfire Mitigation Measures SubtractionColorado Marijuana Business SubtractionNonresident Disaster Relief Worker Subtraction ²Reacquisition of Colorado Residency During Active Duty Military Service SubtractionAgricultural Asset Lease SubtractionFirst-time Home Buyer Savings Account Interest SubtractionOther SubtractionsTotal Modifications ³
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Negative Income2,157565342,7775,4618081,2444,614NR262943,132NRNRNR1122000020615,204
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$0 under $10K1,526504178224,0911,1442,86623,43649206549,887976025930NR000026255,270
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$10K under $20K2,427232042433,1351,7432,94237,328863366314,76311910743827NR000029976,800
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$20K under $30K3,984251917831,1432,3412,78038,7051557178316,51517313844033NR000035477,127
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$30K under $40K6,51227119225,5823,5652,90435,4552016381918,65112314238548NR0NR0038272,544
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$40K under $50K10,11815NR9519,4584,9763,18434,980201831,01720,29710112935259NR0NR0040469,734
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$50K under $60K13,84329NR8715,6986,7343,37434,494207961,20220,6037212634063NR0NR0040268,073
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$60K under $75K24,49128NR10419,90612,0904,94348,9643861692,21930,47143137453118NR0NR0NR56597,428
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$75K under $100K40,502502113227,40620,2077,88166,7717623004,66546,164502075722062001000798138,150
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$100K under $200K102,2141202620149,46642,04519,165117,0502,7121,26322,820100,53956303638582590120NR1,893280,793
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$200K under $500K66,866166399222,6329,91512,49939,3421,0751,62120,00738,2561262105363900NR001,217128,192
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$500K under $1M11,2108022266,9311,0363,4355,430294153,8804,963NRNR125146000035020,686
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$1M and over4,42917991145,0564502,6852,775NR2371,5371,781NRNRNR30102000030410,001
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Total290,2798488475,004285,965107,05469,902489,3445,8814,39760,560326,0228571,4254,0281,6213820410NR7,4361,110,002
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II. Additions and Subtractions
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Size of Federal AGIState AddbackBusiness Interest Expense Deduction AddbackExcess Business Loss AddbackNet Operating Loss AddbackOther AdditionsState Income Tax Refund SubtractionU.S. Government Interest SubtractionPension and Annuity SubtractionMilitary Retirement Benefit SubtractionColorado Capital Gain SubtractionTuition Program Contribution SubtractionQualifying Charitable Contribution SubtractionQualified Reservation Income SubtractionPERA/DPSRS
Subtraction ¹		Railroad Benefit SubtractionWildfire Mitigation Measures SubtractionColorado Marijuana Business SubtractionNonresident Disaster Relief Worker Subtraction ²Reacquisition of Colorado Residency During Active Duty Military Service SubtractionAgricultural Asset Lease SubtractionFirst-time Home Buyer Savings Account Interest SubtractionOther SubtractionsTotal Modifications ³
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Negative Income$5,843,011 NR$1,525,349,855 $507,296,072 $117,231,831 ($1,927,011)($5,463,103)($50,827,937)($112,128)($915,925)($3,206,809)($9,005,348)NRNR($263,819)($16,464)($2,949,389)$0 $0 $0 $0 ($75,674,031)$2,022,343,952
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$0 under $10K$2,371,991 $119,092 $413,507 $4,568,265 $172,925,841 ($835,552)NR($125,584,136)($227,289)($311,933)($2,625,166)($16,003,264)($379,029)($170,919)($1,324,845)($27,650)NR$0 $0 $0 $0 ($930,686)$30,610,871
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$10K under $20K$3,278,058 $62,863 $442,536 $2,601,174 $264,120,730 ($1,376,072)($2,189,524)($406,368,490)NR($349,035)($2,532,687)($26,221,681)($1,545,895)($547,497)($4,253,432)($38,213)NR$0 $0 $0 $0 ($846,654)($176,331,946)
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$20K under $30K$5,581,393 NR$296,524 $2,463,221 $247,938,845 ($1,810,599)($2,652,839)($596,048,276)($1,068,229)($700,667)($3,347,179)($32,072,772)($4,185,622)($877,646)($5,900,648)($29,894)NR$0 $0 $0 $0 ($2,638,951)($395,055,247)
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$30K under $40K$10,015,339 $66,459 $354,979 $831,066 $203,242,951 ($2,485,005)($3,033,189)($650,213,145)($1,322,870)($954,446)($2,657,782)($37,984,684)($4,015,779)($845,722)($7,099,769)($46,462)NR$0 NR$0 $0 ($1,696,565)($497,979,887)
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$40K under $50K$17,119,730 $31,160 NR$1,102,126 $149,899,529 ($3,338,377)($3,446,481)($713,357,325)($1,387,665)($1,315,180)($3,582,310)($42,750,418)($3,795,591)($1,171,336)($8,282,569)($66,837)NR$0 NR$0 $0 ($1,858,145)($616,250,675)
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$50K under $60K$26,929,096 $86,369 NR$1,276,864 $116,966,525 ($4,217,194)($4,085,072)($761,786,572)($1,469,231)($1,258,840)($4,350,511)($46,071,923)($3,308,439)($1,307,254)($9,378,606)($63,534)NR$0 NR$0 $0 ($2,082,223)($694,295,232)
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$60K under $75K$56,227,040 $173,050 NR$981,979 $143,785,927 ($8,274,517)($6,472,183)($1,175,574,637)($2,800,487)($3,609,585)($8,466,516)($73,996,644)($2,358,741)($1,616,456)($14,797,436)($142,027)NR$0 NR$0 NR($3,748,720)($1,101,190,741)
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$75K under $100K$116,110,832 $402,501 $1,942,123 $2,391,603 $189,597,463 ($14,144,955)($12,386,225)($1,781,533,440)($5,503,306)($8,480,865)($19,179,641)($123,752,632)($2,510,352)($1,953,036)($20,839,330)($263,090)($895,648)$0 ($755,452)$0 $0 ($5,776,774)($1,687,530,224)
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$100K under $200K$391,390,446 NR$3,947,164 $4,705,727 $309,669,661 ($33,451,438)($37,296,426)($3,370,330,151)($20,699,979)($55,820,424)($130,493,118)($274,119,623)($4,430,460)($2,471,310)($24,917,432)($713,136)($5,161,059)$0 ($1,076,656)$0 NR($17,120,036)($3,267,918,023)
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$200K under $500K$279,308,481 $1,090,975 $12,511,736 $2,536,892 $159,971,807 ($12,686,127)($31,700,067)($1,065,553,543)($8,415,133)($125,642,185)($219,174,957)($99,350,755)($461,421)($681,967)NR($516,017)($8,752,547)$0 NR$0 $0 ($16,910,410)($1,138,570,641)
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$500K under $1M$46,421,688 $1,409,659 $9,157,471 $4,648,243 $93,502,686 ($2,857,407)($13,946,474)($135,816,654)($232,500)($35,732,923)($82,385,274)($16,131,772)NRNR($406,441)($90,544)($8,755,240)$0 $0 $0 $0 ($13,513,596)($155,277,684)
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$1M and over$20,749,338 $10,222,994 $140,392,199 $7,390,746 $215,879,171 ($9,031,999)NR($70,990,248)NR($19,541,257)($60,850,969)($6,614,727)NRNRNR($57,712)($61,782,959)$0 $0 $0 $0 ($52,994,360)($469,249,884)
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Total$981,346,443 $31,301,124 $1,695,308,710 $542,793,978 $2,384,732,967 ($96,436,253)($705,342,921)($10,903,984,554)($43,778,794)($254,633,265)($542,852,919)($804,076,243)($28,069,089)($11,740,288)($101,458,866)($2,071,580)($89,086,284)$0 NR$0 NR($195,791,151)($8,146,695,361)
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III. Average Additions and Subtractions per Return
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Size of Federal AGIState AddbackBusiness Interest Expense Deduction AddbackExcess Business Loss AddbackNet Operating Loss AddbackOther AdditionsState Income Tax Refund SubtractionU.S. Government Interest SubtractionPension and Annuity SubtractionMilitary Retirement Benefit SubtractionColorado Capital Gain SubtractionTuition Program Contribution SubtractionQualifying Charitable Contribution SubtractionQualified Reservation Income SubtractionPERA/DPSRS
Subtraction ¹		Railroad Benefit SubtractionWildfire Mitigation Measures SubtractionColorado Marijuana Business SubtractionNonresident Disaster Relief Worker Subtraction ²Reacquisition of Colorado Residency During Active Duty Military Service SubtractionAgricultural Asset Lease SubtractionFirst-time Home Buyer Savings Account Interest SubtractionOther SubtractionsTotal Modifications ³
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Negative Income$2,709 NR$2,856,460 $182,678 $21,467 ($2,385)($4,392)($11,016)($7,008)($35,228)($10,908)($2,875)NRNR($8,794)($1,497)($134,063)$0 $0 $0 $0 ($367,350)$133,014
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$0 under $10K$1,554 $2,382 $10,086 $5,842 $7,178 ($730)NR($5,359)($4,639)($15,597)($4,014)($1,619)($3,908)($2,849)($5,115)($922)NR$0 $0 $0 $0 ($3,552)$554
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$10K under $20K$1,351 $2,733 $22,127 $6,135 $7,971 ($789)($744)($10,886)NR($10,577)($3,820)($1,776)($12,991)($5,117)($9,711)($1,415)NR$0 $0 $0 $0 ($2,832)($2,296)
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$20K under $30K$1,401 NR$15,607 $13,838 $7,961 ($773)($954)($15,400)($6,892)($9,869)($4,275)($1,942)($24,194)($6,360)($13,411)($906)NR$0 $0 $0 $0 ($7,455)($5,122)
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$30K under $40K$1,538 $2,461 $32,271 $9,033 $7,945 ($697)($1,044)($18,339)($6,581)($15,150)($3,245)($2,037)($32,649)($5,956)($18,441)($968)NR$0 NR$0 $0 ($4,441)($6,865)
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$40K under $50K$1,692 $2,077 NR$11,601 $7,704 ($671)($1,082)($20,393)($6,904)($15,846)($3,522)($2,106)($37,580)($9,080)($23,530)($1,133)NR$0 NR$0 $0 ($4,599)($8,837)
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$50K under $60K$1,945 $2,978 NR$14,677 $7,451 ($626)($1,211)($22,085)($7,098)($13,113)($3,619)($2,236)($45,951)($10,375)($27,584)($1,008)NR$0 NR$0 $0 ($5,180)($10,199)
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$60K under $75K$2,296 $6,180 NR$9,442 $7,223 ($684)($1,309)($24,009)($7,255)($21,358)($3,815)($2,428)($54,854)($11,799)($32,665)($1,204)NR$0 NR$0 NR($6,635)($11,303)
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$75K under $100K$2,867 $8,050 $92,482 $18,118 $6,918 ($700)($1,572)($26,681)($7,222)($28,270)($4,111)($2,681)($50,207)($9,435)($36,432)($1,277)($44,782)$0 ($75,545)$0 $0 ($7,239)($12,215)
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$100K under $200K$3,829 NR$151,814 $23,412 $6,260 ($796)($1,946)($28,794)($7,633)($44,197)($5,718)($2,727)($79,115)($8,156)($39,056)($1,225)($87,476)$0 ($89,721)$0 NR($9,044)($11,638)
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$200K under $500K$4,177 $6,572 $320,814 $27,575 $7,068 ($1,279)($2,536)($27,084)($7,828)($77,509)($10,955)($2,597)($38,452)($10,999)NR($1,422)($97,251)$0 NR$0 $0 ($13,895)($8,882)
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$500K under $1M$4,141 $17,621 $416,249 $178,779 $13,491 ($2,758)($4,060)($25,012)($8,017)($86,103)($21,233)($3,250)NRNR($33,870)($1,775)($190,331)$0 $0 $0 $0 ($38,610)($7,506)
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$1M and over$4,685 $57,112 $1,542,771 $527,910 $42,698 ($20,071)NR($25,582)NR($82,453)($39,591)($3,714)NRNRNR($1,924)($605,715)$0 $0 $0 $0 ($174,324)($46,920)
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Average$3,381 $36,912 $2,001,545 $108,472 $8,339 ($901)($10,090)($22,283)($7,444)($57,911)($8,964)($2,466)($32,753)($8,239)($25,188)($1,278)($233,210)$0 NR$0 NR($26,330)($7,339)
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Source: Federal and Colorado individual income tax returns (full-year residents only)
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NR - Not releasable due to confidentiality requirements. Total includes NR data.
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¹ The PERA / DPSRS Subtraction is allowed for PERA contributions made in 1984-1986 or Denver Public Schools District No. 1 Retirement contributions made in 1986.
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² The Nonresident Disaster Relief Worker subtraction is not allowed for the full year Colorado residents summarized in this Individual SOI report.
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³ The total number of returns are not a sum of the counts presented because multiple modifications can be reported on a single return. The total number of returns represents the count of returns in which the Colorado Taxable Income (2020 Colorado Form 104, Line 9) is different from Federal Taxable Income (2020 Colorado Form 104, Line 1).
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Prepared by: Office of Research and Analysis, Colorado Department of Revenue | dor_ora@state.co.us
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Date extracted: August 25, 2022
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Publish date: September 2024
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