What type of income can I subtract from my Colorado return?

The following income may be subtracted from your Colorado state tax return:

• U. S. Government Interest
• Pension/Annuity Income
• Colorado Source Capital Gain
• Tuition Program Contribution
• Qualified Reservation Income
• PERA/DPSRS Subtraction
• Railroad Benefit Subtraction, Tier I or II only
• Wildfire Mitigation Measures Subtraction
• Marijuana Business Deduction
• Reacquisition of Colorado Residency During Active Duty Military Service Subtraction
• Agricultural Asset Lease Deduction
• First Time Home Buyer Savings Account Deduction
• Agricultural Asset Lease Deduction
• Catastrophic Health Insurance
• Charitable Contributions
• Exonerated Persons Deduction
• Medical Savings Account
• Military Family Relief Fund Grants Deduction
• Qualified Reservation Income
• State Income Tax Refund

These subtractions can be entered within your account by following these steps:

1. State Section
2. Subtractions From Income