topic Colorado Tax Rate is Incorrect in State tax filing

Colorado Tax Rate is Incorrect

rick-timm — Mon, 23 Feb 2026 10:15:32 GMT

Turbo Tax is still using a tax rate of 4.5%, The correct rate for 2022 is 4.4%

Re: Colorado Tax Rate is Incorrect

SteamTrain — Wed, 25 Jan 2023 15:01:45 GMT

Check out this response to that:

TT 2022 Colorado State Income Tax Rate is wrong (intuit.com)

Especially, use lines 9 and 10 of the CO tax return to calculate the tax, not lines 9 & 13.

Re: Colorado Tax Rate is Incorrect

SteamTrain — Wed, 25 Jan 2023 15:19:45 GMT

And the lower end of the Colorado tax table...involves some rounding which fudges the exact %.

i.e. it assesses $46 on $1001 (4.6%)

and also assesses $46 on $1100 (4.2%)

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At higher Taxable incomes, it's closer to the exact 4.4% value

Re: Colorado Tax Rate is Incorrect

jcquest7 — Wed, 25 Jan 2023 19:01:08 GMT

My taxable income is at the higher end and the rate used should be 4.4% not 4.5%. This is not a rounding issue. This error reduces my State Tax Refund by $100. THIS IS NOT ACCEPTABLE! The Colorado State Income tax rate needs to be corrected for taxable income over $50,000.

Re: Colorado Tax Rate is Incorrect

SteamTrain — Wed, 25 Jan 2023 19:08:06 GMT

@jcquest7 @rick-timm

Probably time to go over to this other post......

TT 2022 Colorado State Income Tax Rate is wrong (intuit.com)

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The TTX Expert over there did determine that for CO taxable incomes higher than 50,000, that TTX was using 4.5%....Teh Expert there will report, if it hasn't already.

Check on Friday 27 Jan to see if it's corrected...if not this week, then the Friday after.

Software updates usually happen on Wed or Thurs evening...so we can't know if it got into the software correction folks in time for this week's update. (If you are using desktop software, you'll have to run an update then)

Re: Colorado Tax Rate is Incorrect

BillM223 — Wed, 25 Jan 2023 19:12:53 GMT

JCQUEST7, please see our answer to your other post on this issue.

@jcquest7