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:
- State Section
- Subtractions From Income