ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
2021 Colorado Individual Statistics of Income
Federal Return Data
Table 7. Standard, Itemized, and Qualified Business Income Deductions by Size of Federal Adjusted Gross Income
2
This table summarizes deductions used to reduce federal taxable income on full-year resident federal returns by size of federal adjusted gross income (AGI). These deductions are estimated based on federal rules, federal filing status, federal AGI, and federal taxable income.
3
Intentionally left blank
4
Part 1: Number of Returns
5
Size of Federal AGIStandard DeductionsItemized DeductionsCharitable Contributions
If Taking Standard Deduction		Qualified Business
Income Deductions		Total Deductions ¹
6
Negative Income00000
7
$0 under $10K239,97005371,081239,979
8
$10K under $20K254,6092,10727,77722,044256,725
9
$20K under $30K243,3544,42647,88633,361247,781
10
$30K under $40K245,1446,61159,41333,206251,760
11
$40K under $50K208,6369,54857,98730,826218,185
12
$50K under $60K167,40012,31952,88228,688179,719
13
$60K under $75K191,01422,24569,72840,710213,259
14
$75K under $100K216,13438,22092,40960,367254,354
15
$100K under $200K343,62392,995186,117147,106436,619
16
$200K under $500K112,75870,62175,05898,804183,379
17
$500K under $1M13,86417,72310,03521,00231,587
18
$1M and over4,92911,2643,34712,11916,193
19
Total2,241,435288,079683,176529,3142,529,540
20
Intentionally left blank
21
Part 2: Deductions
22
Size of Federal AGIStandard DeductionsItemized DeductionsCharitable Contributions
If Taking Standard Deduction		Qualified Business
Income Deductions		Total Deductions
23
Negative Income$0 $0 $0 $0 $0
24
$0 under $10K$1,200,307,633 $0 $93,369 $152,899 $1,200,553,901
25
$10K under $20K$3,278,625,076 $34,008,574 $5,836,307 $10,670,646 $3,329,140,603
26
$20K under $30K$3,668,585,199 $88,784,392 $11,269,323 $35,786,803 $3,804,425,717
27
$30K under $40K$3,797,653,025 $148,582,345 $16,045,771 $53,603,889 $4,015,885,030
28
$40K under $50K$3,317,951,582 $216,594,968 $16,340,206 $63,238,113 $3,614,124,869
29
$50K under $60K$2,770,798,369 $279,197,447 $15,818,765 $67,848,057 $3,133,662,638
30
$60K under $75K$3,403,204,831 $501,507,233 $22,690,036 $109,959,641 $4,037,361,741
31
$75K under $100K$4,331,170,121 $913,224,621 $34,294,992 $186,507,558 $5,465,197,292
32
$100K under $200K$7,930,159,038 $2,716,732,594 $79,880,564 $667,649,182 $11,394,421,378
33
$200K under $500K$2,729,849,676 $2,684,761,152 $34,947,195 $964,164,876 $6,413,722,899
34
$500K under $1M$337,172,238 $994,150,111 $4,953,078 $467,605,910 $1,803,881,337
35
$1M and over$116,199,720 $2,822,056,463 $1,668,139 $1,525,140,424 $4,465,064,746
36
Total$36,881,676,508 $11,399,599,900 $243,837,745 $4,152,327,998 $52,677,442,151
37
Intentionally left blank
38
Source: Federal individual income tax returns (full-year residents only)
39
¹ The number of returns counted in total deductions are not a sum of the number of deductions presented. The total represents the number of returns where federal taxable income is less than federal AGI due to the application of deductions. A return can't have both standard and itemized deductions.
40
Prepared by: Office of Research and Analysis, Taxation Division, Colorado Department of Revenue | dor_ora@state.co.us
41
Data extracted: August 24, 2023
42
Publish date: October 2025
43
End of worksheet
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100