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Individual Income Tax Data Snapshots

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An infographic compiling 2020 individual income tax statistics. 67% of total state tax collections. 89% of all income returns filed. 3.1 returns filed. 1.7% growth in returns. 4.55% tax rate. $1.4 billion total refunds issued. $643 average refund. Age 46 is average filer age. $43,000 median income. Colorado earned income tax credit is most common credit. Pension and annuity subtraction is most comment subtraction. Married person earned 20-40% more income than a single person.

Download the accessible PDF of the snapshot here

2020 Individual Income Tax Statistics

  • 67% of Total State Tax Collections
  • 89% of All Income Returns Filed
  • 3.1 Million Returns Filed
  • 1.7% Growth in Returns
  • 4.55% Tax Rate
  • $1.4 Billion Total Refunds Issued
  • $643 Average Refund
  • 46 Average Filer Age
  • $43,000 Median Income
  • A married person earned 20-40% more income than a single person, ages 30-73

Colorado Earned Income Tax Credit

  • Most common
  • 11% of Returns
  • $203 Average Amount

Pension and Annuity Subtraction

  • Most common
  • 17% of Returns
  • $22K Average Amount
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