Colorado State Tax Information


Colorado Minimum Wages
Effective 01/01/17Effective 01/01/18Effective 01/01/20Effective 01/01/24
Minimum Wage:$9.30$10.20$12.00$14.42
Min. Cash Wage (Tipped Employee):$6.28$7.18$8.9811.40
(Tipped Employee) Max. Tip Credit:$3.02$3.02$3.02$3.02
Youth Minimum Wage:$10.20$12.26

Colorado State Income Tax
Wage Withholding:4.40%
Supplemental Wage/Bonus Rate:4.40%

Colorado Unemployment Insurance
Maximum 2024 Taxable Earnings:$23,800
(Increased from $20,400 in 2023)
Employee Deduction:None
Employer 2024 Tax Rates:0.64 - 8.68%
Standard 2024 New Employer Rate:3.05%
Voluntary Contribution Permitted:Yes

Colorado Disability Insurance
Paid Family Leave Insurance - Employee Deduction:0.45%
Paid Family Leave - Max Employee Deduction:$758.70

Colorado State Agencies web sites:


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