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Financial Tool

Colorado Paycheck Calculator

Calculate your take-home pay in Colorado with accurate state and federal tax deductions. Our calculator uses 2025 tax rates and includes pre-tax deductions to give you the most accurate estimate of your net pay.

Last updated: December 15, 2024

2025 federal and Colorado tax rates
Includes Social Security and Medicare taxes
Accounts for pre-tax and post-tax deductions

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Paycheck Calculator
Enter your information to calculate take-home pay

Your gross pay per pay period

401k, health insurance, etc.

Union dues, etc.

Your Paycheck Breakdown

Gross Pay:$5000.00
Federal Tax:$445.88
Colorado Tax:$218.17
Social Security:$310.00
Medicare:$72.50
Total Taxes:$1046.54
Net Pay:$3936.79
Effective Tax Rate:20.9%

Quick Example Result

For a typical Colorado resident ($5,000 monthly gross, single filing):

Take-home pay: $3936.79

How This Calculator Works

Our Colorado paycheck calculator uses the latest 2025 tax rates and withholding tables to provide accurate estimates of your take-home pay. The calculation considers federal income tax, Colorado's flat 4.4% state tax, and Social Security and Medicare contributions.

The Calculation Process

1. Pre-tax Deductions: Subtract 401(k), health insurance, etc. from gross pay
2. Federal Tax: Apply 2025 federal tax brackets with standard deduction
3. Colorado Tax: Apply 4.4% flat rate to taxable income
4. FICA Taxes: 6.2% Social Security + 1.45% Medicare
5. Net Pay: Gross pay - all taxes - post-tax deductions

This process ensures accurate withholding calculations based on current tax law and your specific situation.

Colorado Tax Information

Colorado is one of the few states with a flat income tax rate, making calculations straightforward. The 4.4% rate applies to all taxable income regardless of filing status or income level. This flat rate system simplifies tax planning and makes Colorado an attractive state for many taxpayers.

  • Flat 4.4% state income tax rate for all income levels
  • No local income taxes in most Colorado cities
  • Standard deduction and personal exemptions apply
  • Retirement income may be partially exempt from state taxes

Sources & References

  • Internal Revenue Service (IRS) - 2025 Federal Tax Brackets and Withholding TablesOfficial federal tax rates and standard deductions
  • Colorado Department of Revenue - State Income Tax Rates and RegulationsOfficial Colorado state tax information
  • Social Security Administration - 2025 Social Security and Medicare Tax RatesFICA tax rates and wage base limits

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Example Calculation

Real-World Example
Let's walk through a typical Colorado resident's paycheck

Given Information:

  • Gross Pay: $5,000/month
  • Filing Status: Single
  • Pre-tax Deductions: $500 (401k, health insurance)
  • Post-tax Deductions: $200 (union dues, etc.)

Tax Calculations:

  1. Taxable Income: $5,000 - $500 = $4,500
  2. Federal Tax: ~$400 (after standard deduction)
  3. Colorado Tax: $4,500 × 4.4% = $198
  4. Social Security: $5,000 × 6.2% = $310
  5. Medicare: $5,000 × 1.45% = $72.50

Result: Take-home pay = $5,000 - $980.50 (taxes) - $200 (deductions) = $3,819.50

Effective tax rate: 19.6% (including all taxes and deductions)

Frequently Asked Questions

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