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Individual Income Tax Data Snapshots

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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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