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
