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Colorado Social Security And Retirement Tax

Colorado generally tax the retirement income, but give certain exemptions. Taxpayers 55-64 years can take $20,000 exemption, and those 65 and older get $24000 exemption from state income taxes. Retirement Taxes

Colorado generally tax the retirement income, but give certain exemptions. Taxpayers 55-64 years can take $20,000 exemption, and those 65 and older get $24000 exemption from state income taxes.

State Tax Exemptions

$20,000/$24,000

$20,000/$24,000

Federal Pension: All out-of-state government pensions qualify for the pension exemption.

$20,000/$24,000

Military Pension: $20,000/$24,000

Social Security: Yes

Pension Age Restriction: Yes, The exemption amount will change if your retirement age is less than 65 years old.

Pension Income Restriction: No

Last Updated ( Sunday, 10 January 2010 04:47 )