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Colorado Individual Income Tax Subtractions by Size of Federal Adjusted Gross Income on Full-Year Resident Returns
Income Tax Year 2021 to Date
Prepared by: Office of Research and Analysis, Taxation Division, Colorado Department of Revenue | dor_ora@state.co.us
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Tax YearIncome Tax SubtractionSize of Federal
Adjusted Gross Income		CountTotalAverage
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2023 Total subtractionsTotal1,275,333$17,594,594,039$13,796
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2023ABLE account contribution subtractionNegative Income3NRNR
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2023ABLE account contribution subtraction$0 under $10K97$407,900$4,205
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2023ABLE account contribution subtraction$10K under $20K60$402,906$6,715
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2023ABLE account contribution subtraction$20K under $30K24$115,908$4,830
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2023ABLE account contribution subtraction$30K under $40K10$70,298$7,030
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2023ABLE account contribution subtraction$40K under $50K6$140,401$23,400
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2023ABLE account contribution subtraction$50K under $60K10$72,636$7,264
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2023ABLE account contribution subtraction$60K under $75K3NRNR
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2023ABLE account contribution subtraction$75K under $100K13$97,746$7,519
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2023ABLE account contribution subtraction$100K under $200K32$195,671$6,115
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2023ABLE account contribution subtraction$200K under $500K47$352,097$7,491
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2023ABLE account contribution subtraction$500K under $1M12$132,575$11,048
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2023ABLE account contribution subtraction$1M and over5$112,300$22,460
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2023ABLE account contribution subtractionTotal322$2,136,250$6,634
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2023Colorado capital gain subtractionNegative Income0$0$0
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2023Colorado capital gain subtraction$0 under $10KNRNRNR
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2023Colorado capital gain subtraction$10K under $20K7$53,486$7,641
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2023Colorado capital gain subtraction$20K under $30K5$61,259$12,252
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2023Colorado capital gain subtraction$30K under $40K8$58,199$7,275
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2023Colorado capital gain subtraction$40K under $50KNRNRNR
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2023Colorado capital gain subtraction$50K under $60K9$199,162$22,129
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2023Colorado capital gain subtraction$60K under $75K4$100,145$25,036
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2023Colorado capital gain subtraction$75K under $100K12$540,479$45,040
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2023Colorado capital gain subtraction$100K under $200K63$2,753,715$43,710
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2023Colorado capital gain subtraction$200K under $500K70$5,436,243$77,661
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2023Colorado capital gain subtraction$500K under $1M33$2,976,582$90,199
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2023Colorado capital gain subtraction$1M and over16$1,589,000$99,313
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2023Colorado capital gain subtractionTotal232$13,872,998$59,797
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2023Colorado marijuana business subtractionNegative Income26$1,955,305$75,204
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2023Colorado marijuana business subtraction$0 under $10K14$203,414$14,530
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2023Colorado marijuana business subtraction$10K under $20K8$178,238$22,280
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2023Colorado marijuana business subtraction$20K under $30K8$1,190,247$148,781
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2023Colorado marijuana business subtraction$30K under $40K7$422,576$60,368
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2023Colorado marijuana business subtraction$40K under $50K9$170,274$18,919
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2023Colorado marijuana business subtraction$50K under $60K7$353,116$50,445
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2023Colorado marijuana business subtraction$60K under $75K11$678,157$61,651
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2023Colorado marijuana business subtraction$75K under $100K10$545,006$54,501
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2023Colorado marijuana business subtraction$100K under $200K43$3,663,231$85,191
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2023Colorado marijuana business subtraction$200K under $500K57$6,521,167$114,406
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2023Colorado marijuana business subtraction$500K under $1M38$8,760,363$230,536
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2023Colorado marijuana business subtraction$1M and over25$12,494,900$499,796
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2023Colorado marijuana business subtractionTotal263$37,135,994$141,202
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2023First-time home buyer savings account interest subtractionNegative Income0$0$0
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2023First-time home buyer savings account interest subtraction$0 under $10K0$0$0
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2023First-time home buyer savings account interest subtraction$10K under $20K0$0$0
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2023First-time home buyer savings account interest subtraction$20K under $30K0$0$0
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2023First-time home buyer savings account interest subtraction$30K under $40K0$0$0
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2023First-time home buyer savings account interest subtraction$40K under $50K0$0$0
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2023First-time home buyer savings account interest subtraction$50K under $60K0$0$0
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2023First-time home buyer savings account interest subtraction$60K under $75KNRNRNR
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2023First-time home buyer savings account interest subtraction$75K under $100K0$0$0
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2023First-time home buyer savings account interest subtraction$100K under $200K3NRNR
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2023First-time home buyer savings account interest subtraction$200K under $500KNRNRNR
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2023First-time home buyer savings account interest subtraction$500K under $1M0$0$0
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2023First-time home buyer savings account interest subtraction$1M and over0$0$0
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2023First-time home buyer savings account interest subtractionTotal6$37,262$6,210
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2023HB 21-1002 subtractionNegative Income4$306,561$76,640
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2023HB 21-1002 subtraction$0 under $10K10$103,443$10,344
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2023HB 21-1002 subtraction$10K under $20K8$47,977$5,997
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2023HB 21-1002 subtraction$20K under $30K8$236,344$29,543
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2023HB 21-1002 subtraction$30K under $40K8$52,155$6,519
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2023HB 21-1002 subtraction$40K under $50K7$67,769$9,681
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2023HB 21-1002 subtraction$50K under $60K9$119,730$13,303
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2023HB 21-1002 subtraction$60K under $75K11$37,794$3,436
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2023HB 21-1002 subtraction$75K under $100K12$92,057$7,671
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2023HB 21-1002 subtraction$100K under $200K30$916,914$30,564
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2023HB 21-1002 subtraction$200K under $500K19$1,185,425$62,391
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2023HB 21-1002 subtraction$500K under $1M15$1,733,692$115,579
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2023HB 21-1002 subtraction$1M and over29$4,100,072$141,382
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2023HB 21-1002 subtractionTotal170$8,999,933$52,941
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2023Military retirement benefit subtractionNegative Income14$176,175$12,584
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2023Military retirement benefit subtraction$0 under $10K32$153,939$4,811
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2023Military retirement benefit subtraction$10K under $20K56$580,691$10,369
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2023Military retirement benefit subtraction$20K under $30K133$1,680,835$12,638
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2023Military retirement benefit subtraction$30K under $40K148$1,952,912$13,195
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2023Military retirement benefit subtraction$40K under $50K126$1,657,586$13,155
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2023Military retirement benefit subtraction$50K under $60K136$1,817,763$13,366
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2023Military retirement benefit subtraction$60K under $75K287$4,022,215$14,015
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2023Military retirement benefit subtraction$75K under $100K578$8,230,440$14,240
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2023Military retirement benefit subtraction$100K under $200K2,637$38,997,677$14,789
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2023Military retirement benefit subtraction$200K under $500K1,888$29,387,996$15,566
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2023Military retirement benefit subtraction$500K under $1M102$1,637,934$16,058
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2023Military retirement benefit subtraction$1M and over9$142,230$15,803
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2023Military retirement benefit subtractionTotal6,146$90,438,393$14,715
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2023Nonresident disaster relief worker subtractionNegative Income0$0$0
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2023Nonresident disaster relief worker subtraction$0 under $10K0$0$0
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2023Nonresident disaster relief worker subtraction$10K under $20K0$0$0
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2023Nonresident disaster relief worker subtraction$20K under $30K0$0$0
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2023Nonresident disaster relief worker subtraction$30K under $40K0$0$0
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2023Nonresident disaster relief worker subtraction$40K under $50K0$0$0
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2023Nonresident disaster relief worker subtraction$50K under $60K0$0$0
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2023Nonresident disaster relief worker subtraction$60K under $75K0$0$0
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2023Nonresident disaster relief worker subtraction$75K under $100K0$0$0
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2023Nonresident disaster relief worker subtraction$100K under $200K0$0$0
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2023Nonresident disaster relief worker subtraction$200K under $500K0$0$0
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2023Nonresident disaster relief worker subtraction$500K under $1M0$0$0
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2023Nonresident disaster relief worker subtraction$1M and over0$0$0