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Colorado Department of Revenue
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2020 Individual Statistics of Income
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Table 26. Colorado Income Tax Prepayments by Size of Federal AGI
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This table summarizes Colorado income tax prepayments, which are applied towards Colorado income tax liability, as reported on full-year resident Colorado returns.
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I. Number of Returns
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Size of Federal AGI Withholding Estimated Tax Carryforward Estimated Payments Extension Payments Other Prepayments
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Negative Income 11,031 1,163 751 207 10
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$0 under $10K 184,381 1,183 907 560 20
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$10K under $20K 211,013 1,378 1,599 611 13
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$20K under $30K 229,026 1,608 2,214 645 11
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$30K under $40K 234,834 1,702 3,015 679 25
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$40K under $50K 202,471 1,932 3,688 699 19
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$50K under $60K 165,855 2,270 4,589 705 17
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$60K under $75K 194,704 3,721 8,244 1,204 15
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$75K under $100K 231,141 6,519 14,653 2,032 38
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$100K under $200K 388,928 18,599 41,823 6,360 81
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$200K under $500K 141,721 17,015 31,745 8,108 55
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$500K under $1M 20,026 5,846 9,263 3,705 30
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$1M and over 8,907 4,732 6,426 3,555 44
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Total 2,224,038 67,668 128,917 29,070 378
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II. Prepayments
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Size of Federal AGI Withholding Estimated Tax Carryforward Estimated Payments Extension Payments Other Prepayments
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Negative Income$20,321,163 $8,581,316 $4,562,419 $6,731,963 $39,851
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$0 under $10K$39,019,969 $932,958 $1,076,000 $246,932 $35,848
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$10K under $20K$109,186,959 $1,046,187 $1,652,584 $363,878 $7,242
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$20K under $30K$202,444,394 $1,294,350 $2,408,404 $534,673 $7,657
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$30K under $40K$296,359,602 $1,584,839 $3,818,613 $646,567 $32,282
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$40K under $50K$328,914,543 $1,823,755 $4,920,162 $663,543 $17,670
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$50K under $60K$329,355,561 $1,994,210 $6,396,102 $894,813 $36,332
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$60K under $75K$466,862,436 $3,619,115 $13,295,393 $1,602,225 $22,250
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$75K under $100K$701,432,479 $7,012,938 $28,660,341 $3,250,764 $49,206
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$100K under $200K$1,893,013,275 $29,422,372 $127,654,339 $15,789,519 $141,843
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$200K under $500K$1,375,780,158 $55,518,134 $207,015,821 $43,582,451 $130,475
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$500K under $1M$371,714,145 $42,983,201 $134,530,225 $47,416,695 $87,241
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$1M and over$378,090,057 $152,358,723 $362,512,897 $333,875,040 $364,229
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Total$6,512,494,741 $308,172,098 $898,503,300 $455,599,063 $972,126
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III. Average Prepayments per Return
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Size of Federal AGI Withholding Estimated Tax Carryforward Estimated Payments Extension Payments Other Prepayments
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Negative Income$1,842 $7,379 $6,075 $32,522 $3,985
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$0 under $10K$212 $789 $1,186 $441 $1,792
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$10K under $20K$517 $759 $1,034 $596 $557
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$20K under $30K$884 $805 $1,088 $829 $696
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$30K under $40K$1,262 $931 $1,267 $952 $1,291
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$40K under $50K$1,625 $944 $1,334 $949 $930
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$50K under $60K$1,986 $879 $1,394 $1,269 $2,137
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$60K under $75K$2,398 $973 $1,613 $1,331 $1,483
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$75K under $100K$3,035 $1,076 $1,956 $1,600 $1,295
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$100K under $200K$4,867 $1,582 $3,052 $2,483 $1,751
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$200K under $500K$9,708 $3,263 $6,521 $5,375 $2,372
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$500K under $1M$18,562 $7,353 $14,523 $12,798 $2,908
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$1M and over$42,449 $32,198 $56,413 $93,917 $8,278
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Total$2,928 $4,554 $6,970 $15,672 $2,572
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Source: Federal and Colorado individual income tax returns (full-year residents only)
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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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