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Colorado Department of Revenue
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2018 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 6,552 902 509 230 NR
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$ 0 to $ 9,999 184,407 1,063 673 634 19
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$ 10,000 to $ 19,999 214,267 1,336 1,400 827 NR
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$ 20,000 to $ 29,999 230,463 1,416 2,025 898 20
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$ 30,000 to $ 39,999 221,332 1,560 2,675 1,052 16
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$ 40,000 to $ 49,999 185,257 1,745 3,385 1,156 23
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$ 50,000 to $ 59,999 151,377 1,997 4,171 1,190 19
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$ 60,000 to $ 74,999 180,187 3,221 7,784 1,832 21
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$ 75,000 to $ 99,999 218,025 5,673 14,166 3,076 51
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$ 100,000 to $ 199,999 358,444 17,479 41,871 10,186 108
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$ 200,000 to $ 499,999 123,112 16,984 32,272 11,055 75
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$ 500,000 to $ 999,999 16,938 5,979 8,998 4,223 33
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$ 1,000,000 and over 7,543 4,755 5,975 3,752 37
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Total 2,097,904 64,110 125,904 40,111 442
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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$9,772,549 $4,118,774 $2,598,577 $1,406,760 NR
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$ 0 to $ 9,999$29,938,431 $602,721 $769,028 $342,326 $46,266
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$ 10,000 to $ 19,999$91,543,553 $899,739 $1,309,231 $492,953 NR
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$ 20,000 to $ 29,999$177,627,614 $912,247 $2,073,461 $573,162 $18,495
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$ 30,000 to $ 39,999$249,631,328 $1,130,195 $3,012,874 $805,644 $11,750
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$ 40,000 to $ 49,999$274,735,081 $1,257,006 $4,303,114 $1,151,197 $20,588
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$ 50,000 to $ 59,999$274,988,236 $1,469,665 $5,648,508 $1,248,388 $27,004
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$ 60,000 to $ 74,999$396,018,072 $2,665,774 $11,883,760 $2,193,700 $49,641
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$ 75,000 to $ 99,999$612,997,506 $5,216,022 $25,943,060 $4,291,502 $68,805
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$ 100,000 to $ 199,999$1,629,943,920 $23,410,995 $123,173,722 $22,612,675 $175,269
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$ 200,000 to $ 499,999$1,120,776,957 $49,469,381 $212,414,743 $54,976,186 $108,313
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$ 500,000 to $ 999,999$299,345,020 $39,929,838 $135,828,982 $50,259,758 $87,947
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$ 1,000,000 and over$300,973,378 $146,927,817 $386,944,726 $327,137,971 $249,601
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Total$5,468,291,645 $278,010,174 $915,903,786 $467,492,222 $875,749
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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$1,492 $4,566 $5,105 $6,116 NR
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$ 0 to $ 9,999$162 $567 $1,143 $540 $2,435
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$ 10,000 to $ 19,999$427 $673 $935 $596 NR
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$ 20,000 to $ 29,999$771 $644 $1,024 $638 $925
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$ 30,000 to $ 39,999$1,128 $724 $1,126 $766 $734
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$ 40,000 to $ 49,999$1,483 $720 $1,271 $996 $895
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$ 50,000 to $ 59,999$1,817 $736 $1,354 $1,049 $1,421
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$ 60,000 to $ 74,999$2,198 $828 $1,527 $1,197 $2,364
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$ 75,000 to $ 99,999$2,812 $919 $1,831 $1,395 $1,349
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$ 100,000 to $ 199,999$4,547 $1,339 $2,942 $2,220 $1,623
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$ 200,000 to $ 499,999$9,104 $2,913 $6,582 $4,973 $1,444
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$ 500,000 to $ 999,999$17,673 $6,678 $15,095 $11,901 $2,665
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$ 1,000,000 and over$39,901 $30,900 $64,761 $87,190 $6,746
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Average$2,607 $4,336 $7,275 $11,655 $1,981
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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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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 2020
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