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Colorado Department of Revenue
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2018 Individual Statistics of Income
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Table 19. Selected Federal Tax Credits by Size of Federal AGI
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This table summarizes selected federal credit data from Form 1040 and Schedule 3, as reported on full-year resident federal returns.
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I. Number of Returns
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Size of Federal AGI Child Tax Credit and Credit for Other Dependents Earned Income Tax Credit Additional Child Tax Credit Foreign Tax Credit Child and Dependent Care Expenses Credit Education Credits Retirement Savings Contributions Credit General Business Credits Adoption Credit Credit for the Elderly or Disabled
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Negative Income912,4931,30120NRNRNRNR014
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$ 0 to $ 9,99914174,19718,1701,340NR12478NR036
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$ 10,000 to $ 19,99913,32094,81753,7932,88699615,31912,47764NR525
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$ 20,000 to $ 29,99956,43759,17258,0175,0195,33619,80943,229122NRNR
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$ 30,000 to $ 39,99964,43654,29949,2606,7266,52416,36927,053182280
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$ 40,000 to $ 49,99954,40621,74227,2527,6065,36412,19419,163230640
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$ 50,000 to $ 59,99945,8783,04117,0778,7374,7289,78515,027257850
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$ 60,000 to $ 74,99958,9403112,16513,8786,68111,5695,402422164NR
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$ 75,000 to $ 99,99980,237265,99922,71512,12115,188317002650
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$ 100,000 to $ 199,999160,875NR1,57860,18832,92528,336222,6094630
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$ 200,000 to $ 499,99962,02504241,95113,739NRNR3,235500
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$ 500,000 to $ 999,999NRNR010,2511,541001,46800
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$ 1,000,000 and overNR006,122380001,31800
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Total597,023309,828244,654187,43990,344128,715122,50610,6251,124579
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II. Federal Tax Credits
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Size of Federal AGI Child Tax Credit and Credit for Other Dependents Earned Income Tax Credit Additional Child Tax Credit Foreign Tax Credit Child and Dependent Care Expenses Credit Education Credits Retirement Savings Contributions Credit General Business Credits Adoption Credit Credit for the Elderly or Disabled
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Negative Income$115,276 $2,913,040 $2,707,586 $3,078 NRNR$21,912 NR$0 $9,496
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$ 0 to $ 9,999$115,535 $68,997,221 $12,446,364 $52,219 NR$39,455 $26,067 NR$0 $7,914
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$ 10,000 to $ 19,999$2,979,757 $257,514,185 $86,656,954 $145,223 $179,097 $5,363,480 $2,461,512 $19,042 NR$47,517
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$ 20,000 to $ 29,999$34,545,291 $213,535,945 $116,836,370 $275,194 $2,625,493 $16,500,981 $6,685,969 $62,726 NRNR
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$ 30,000 to $ 39,999$81,343,125 $107,983,046 $96,605,747 $462,642 $3,963,023 $16,497,126 $6,188,165 $147,327 $18,310 $0
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$ 40,000 to $ 49,999$98,782,808 $25,137,434 $58,480,669 $628,279 $2,860,552 $13,210,046 $2,949,792 $312,954 $91,618 $0
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$ 50,000 to $ 59,999$101,860,485 $1,350,399 $32,552,398 $842,234 $2,476,935 $11,092,602 $2,501,053 $441,743 $164,195 $0
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$ 60,000 to $ 74,999$153,123,679 $52,604 $21,906,511 $1,617,416 $3,519,464 $13,366,341 $949,097 $817,369 $504,623 NR
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$ 75,000 to $ 99,999$231,640,746 $66,341 $10,169,109 $3,195,245 $6,640,467 $18,912,271 NR$1,612,349 $1,219,110 $0
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$ 100,000 to $ 199,999$476,414,605 NR$3,463,847 $14,653,385 $18,392,936 $36,866,780 $47,420 $8,156,234 $3,846,822 $0
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$ 200,000 to $ 499,999$187,468,830 $0 $123,287 $35,014,290 $7,410,069 NRNR$11,748,498 $517,585 $0
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$ 500,000 to $ 999,999NRNR$0 $28,439,375 $915,604 $0 $0 $9,064,942 $0 $0
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$ 1,000,000 and overNR0$0 $121,471,035 $246,070 $0 $0 $26,709,684 $0 $0
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Total 1$1,368,721,337 $677,566,339 $441,948,842 $206,799,615 $49,233,933 $131,876,223 $21,845,896 $59,103,016 $6,364,327 $65,223
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III. Average Federal Tax Credits Per Return
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Size of Federal AGI Child Tax Credit and Credit for Other Dependents Earned Income Tax Credit Additional Child Tax Credit Foreign Tax Credit Child and Dependent Care Expenses Credit Education Credits Retirement Savings Contributions Credit General Business Credits Adoption Credit Credit for the Elderly or Disabled
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Negative Income$1,267$1,168$2,081$154NRNR$1,217NR$0$678
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$ 0 to $ 9,999$819$930$685$39NR$318$334NR$0$220
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$ 10,000 to $ 19,999$224$2,716$1,611$50$180$350$197$298NR$91
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$ 20,000 to $ 29,999$612$3,609$2,014$55$492$833$155$514NRNR
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$ 30,000 to $ 39,999$1,262$1,989$1,961$69$607$1,008$229$809$654$0
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$ 40,000 to $ 49,999$1,816$1,156$2,146$83$533$1,083$154$1,361$1,432$0
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$ 50,000 to $ 59,999$2,220$444$1,906$96$524$1,134$166$1,719$1,932$0
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$ 60,000 to $ 74,999$2,598$1,697$1,801$117$527$1,155$176$1,937$3,077NR
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$ 75,000 to $ 99,999$2,887$2,552$1,695$141$548$1,245NR$2,303$4,600$0
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$ 100,000 to $ 199,999$2,961NR$2,195$243$559$1,301$2,155$3,126$8,308$0
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$ 200,000 to $ 499,999$3,022$0$2,935$835$539NRNR$3,632$10,352$0
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$ 500,000 to $ 999,999NRNR$0$2,774$594$0$0$6,175$0$0
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$ 1,000,000 and overNR0$0$19,842$648$0$0$20,265$0$0
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Average$2,293$2,187$1,806$1,103$545$1,025$178$5,563$5,662$113
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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 Figures in this table might not sum to total due to rounding.
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Prepared by: Office of Research and Analysis, Colorado Department of Revenue | dor_ora@state.co.us
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Data extracted: August 20, 2020
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Publish date: November 2021
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