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Colorado Department of Revenue
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2020 Individual Statistics of Income
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Table 15. Adjustments to Income by Size of Federal AGI
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This table summarizes federal adjustments to income, which are used to determine federal AGI, as reported on full-year resident federal returns.
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I. Number of Returns
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Size of Federal AGI Educator Expenses Reservist Expenses Health Savings Moving Expenses Self-Employed Tax Deduction Self-Employed Retirement Self-Employed Health Insurance Penalty on Early Withdrawals Alimony Paid IRA Deduction Student Loan Deduction Tuition and Fees Charitable Contribution if Taking Standard DeductionTotal Adjustments ¹
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Negative Income12536635NR4,383922,4131592903911,7842,02811,91118,681
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$0 under $10K358943683840,478933,1765231897264,6704,95936,78278,277
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$10K under $20K1,1401399307346,2742144,5604772781,5858,4522,67147,12493,625
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$20K under $30K1,7211541,87320035,8523475,1444263042,81313,9831,25050,34991,387
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$30K under $40K3,1492063,15717127,6233874,9984103653,73521,76698354,45095,003
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$40K under $50K4,4552073,89310922,7294464,8024314004,20124,66665653,57992,067
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$50K under $60K4,0122234,0805819,1644734,6363865354,12322,9631,26548,95282,659
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$60K under $75K4,9722565,7597324,6707886,2985098795,42529,1202,60664,447106,584
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$75K under $100K6,7503617,8887632,2921,2969,2097061,4946,03226,81687286,080130,267
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$100K under $200K15,86871618,8058063,8315,12421,1961,3203,46813,99345,5276,132164,692247,488
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$200K under $500K4,06721611,651NR31,8366,43015,9026471,8963,2650NR53,80487,372
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$500K under $1M239NR2,86006,7112,0144,9341124346700NR6,16314,138
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$1M and over69NR1,43603,8891,1043,07660244315002,1437,005
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Total46,9252,62163,335896359,73218,80890,3446,16610,77647,274199,74723,433680,4761,144,553
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II. Adjustments to Income
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Size of Federal AGI Educator Expenses Reservist Expenses Health Savings Moving Expenses Self-Employed Tax Deduction Self-Employed Retirement Self-Employed Health Insurance Penalty on Early Withdrawals Alimony Paid IRA Deduction Student Loan Deduction Tuition and Fees Charitable Contribution if Taking Standard DeductionTotal Adjustments ¹
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Negative Income$29,025 $574,327 $2,885,208 NR$6,493,229 $1,785,796 $16,983,290 $1,448,472 $9,970,798 $2,462,875 $1,608,871 $7,255,738 $2,895,330 $57,863,227
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$0 under $10K$73,010 $295,633 $1,133,716 $92,333 $13,547,655 $835,796 $9,817,416 $128,006 $2,948,198 $2,550,380 $3,264,059 $16,062,059 $7,709,029 $62,398,252
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$10K under $20K$248,365 $955,569 $2,693,972 $199,557 $34,478,190 $1,436,953 $14,449,974 $80,877 $3,293,663 $5,782,413 $5,616,705 $7,965,893 $10,522,330 $89,274,024
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$20K under $30K$388,925 $939,601 $4,656,282 $281,224 $36,253,804 $2,486,390 $17,053,603 $72,724 $3,652,178 $10,918,858 $8,883,138 $3,252,975 $11,373,323 $101,604,523
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$30K under $40K$735,655 $1,087,032 $6,941,694 $238,351 $34,499,696 $3,003,199 $19,403,708 $91,060 $5,268,680 $14,650,442 $13,996,140 $2,445,652 $12,491,647 $116,908,916
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$40K under $50K$1,047,821 $1,386,436 $8,509,307 $169,915 $31,551,794 $3,864,721 $21,202,970 $100,749 $5,171,573 $18,009,308 $16,994,463 $1,525,740 $12,593,144 $123,446,527
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$50K under $60K$961,626 $1,045,737 $9,358,000 $77,967 $28,657,453 $4,939,045 $23,301,234 $228,869 $6,636,534 $18,299,536 $17,673,569 $2,630,343 $11,812,301 $126,856,883
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$60K under $75K$1,257,264 $1,191,332 $13,917,794 $96,723 $41,430,141 $9,337,058 $34,707,312 $129,942 $12,593,112 $24,873,751 $21,764,721 $4,311,563 $15,938,710 $183,072,127
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$75K under $100K$1,778,982 $1,624,542 $21,173,820 $213,733 $57,331,563 $15,319,300 $56,953,347 $206,779 $24,344,974 $34,401,729 $17,509,080 $1,718,295 $21,976,222 $256,491,122
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$100K under $200K$4,349,630 $3,008,663 $64,446,699 $316,146 $142,621,623 $85,126,096 $171,222,226 $550,586 $80,969,538 $84,032,834 $36,014,434 $10,680,446 $43,151,457 $732,408,979
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$200K under $500K$1,029,205 $889,702 $54,158,951 NR$112,919,339 $168,069,172 $181,938,712 $282,025 $84,493,394 $30,802,029 $0 NR$14,517,526 $652,854,930
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$500K under $1M$60,248 NR$16,654,019 $0 $36,851,620 $82,285,563 $71,699,606 $99,087 $36,167,386 $7,020,611 $0 NR$1,711,643 $254,689,919
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$1M and over$16,340 NR$8,729,891 $0 $38,665,482 $56,487,895 $48,836,695 $50,136 $30,862,499 $3,406,613 $0 $0 $591,185 $188,506,900
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Total$11,976,096 $13,052,813 $215,259,353 $1,789,490 $615,301,586 $434,976,984 $687,570,093 $3,469,312 $306,372,527 $257,211,379 $143,325,180 $57,993,792 $167,283,847 $2,946,376,329
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III. Average Adjustments Per Return
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Size of Federal AGI Educator Expenses Reservist Expenses Health Savings Moving Expenses Self-Employed Tax Deduction Self-Employed Retirement Self-Employed Health Insurance Penalty on Early Withdrawals Alimony Paid IRA Deduction Student Loan Deduction Tuition and Fees Charitable Contribution if Taking Standard DeductionTotal Adjustments ¹
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Negative Income$232 $15,954 $4,544 NR$1,481 $19,411 $7,038 $9,110 $34,382 $6,299 $902 $3,578$243$3,097
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$ 0 to $ 9,999$204 $3,145 $3,081 $2,430 $335 $8,987 $3,091 $245 $15,599 $3,513 $699 $3,239$210$797
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$ 10,000 to $ 19,999$218 $6,875 $2,897 $2,734 $745 $6,715 $3,169 $170 $11,848 $3,648 $665 $2,982$223$954
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$ 20,000 to $ 29,999$226 $6,101 $2,486 $1,406 $1,011 $7,165 $3,315 $171 $12,014 $3,882 $635 $2,602$226$1,112
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$ 30,000 to $ 39,999$234 $5,277 $2,199 $1,394 $1,249 $7,760 $3,882 $222 $14,435 $3,922 $643 $2,488$229$1,231
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$ 40,000 to $ 49,999$235 $6,698 $2,186 $1,559 $1,388 $8,665 $4,415 $234 $12,929 $4,287 $689 $2,326$235$1,341
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$ 50,000 to $ 59,999$240 $4,689 $2,294 $1,344 $1,495 $10,442 $5,026 $593 $12,405 $4,438 $770 $2,079$241$1,535
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$ 60,000 to $ 74,999$253 $4,654 $2,417 $1,325 $1,679 $11,849 $5,511 $255 $14,327 $4,585 $747 $1,654$247$1,718
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$ 75,000 to $ 99,999$264 $4,500 $2,684 $2,812 $1,775 $11,820 $6,185 $293 $16,295 $5,703 $653 $1,971$255$1,969
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$ 100,000 to $ 199,999$274 $4,202 $3,427 $3,952 $2,234 $16,613 $8,078 $417 $23,348 $6,005 $791 $1,742$262$2,959
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$ 200,000 to $ 499,999$253 $4,119 $4,648 NR$3,547 $26,138 $11,441 $436 $44,564 $9,434 $0 NR$270$7,472
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$ 500,000 to $ 999,999$252 NR$5,823 $0 $5,491 $40,857 $14,532 $885 $83,335 $10,479 $0 NR$278$18,015
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$ 1,000,000 and over$237 NR$6,079 $0 $9,942 $51,167 $15,877 $836 $126,486 $10,815 $0 $0$276$26,910
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Average$255 $4,980 $3,399 $1,997 $1,710 $23,127 $7,611 $563 $28,431 $5,441 $718 $2,475$246$2,574
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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 Total Adjustments are not a sum of the adjustments presented. The total represents the returns reporting a value for Total Adjustments (2020 IRS Form 1040 Schedule 1, Line 10c). Multiple adjustments can be reported on a single return. Due to filing discrepancies, the total amount of adjustments allowed will not necessarily equal the sum of adjustments reported on the return.
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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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