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Are there any other Colorado subtractions from federal taxable income?

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Question
Are there any other Colorado subtractions from federal taxable income?

Answer

State Income Tax Refund from federal income tax form 1040 or 1040 SR, Schedule 1 line 1

U.S. Government Interest

Pension, Annuity, IRA, Social Security, or Disability Income

Military Retirement Benefits (under age 55), you must submit copies of all 1099R statements with your return

Colorado Capital Gain Subtraction

CollegeInvest Contribution

Qualifying Charitable Contribution

Qualified Reservation Income

PERA/DPSRS Subtraction, for PERA contributions made in 1984–1986 or DPSRS contributions made in 1986

Railroad Benefit Subtraction

Wildfire Mitigation Measures Subtraction

Colorado Marijuana Business Deduction

Non-Resident Disaster Relief Worker Subtraction

Reacquisition of Colorado Residency During Active  Duty Military Service Subtraction

Agricultural Asset Lease Deduction

First Time Home Buyer Savings Account Interest Deduction


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Article Details
Views: 984 Created on: Jun 15, 2013
Date updated: Jan 03, 2020
Posted in: States, Colorado

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