Colorado Earned Income Tax Credit (EITC)
Colorado is among 31 states offering a local version of the tax credit, but it went hiatus in 1999. It was only in 2013 that Colorado brought back its earned income credit following a 15-year absence.
Colorado’s EITC offers a credit based on 50% of the federal credit amount 1 and is fully refundable, which means any Colorado family without income tax liability can receive the entire EITC amount as a refund.
FAQ
How much is the Colorado EITC?
| NO. OF CHILD | EITC |
|---|---|
| 0 | $325 |
| 1 | $2,164 |
| 2 | $3,576 |
| 3 or more | $4,023 |
Can I get a refund if I owe no tax in Colorado?
If your Colorado EITC is $4,023 and you owe $2,000 in state income tax, the credit cancels your tax bill and you receive the remaining $2,023 as a refund as illustrated in the table below:
| Sample Calculation | Amount |
|---|---|
| Colorado EITC | $4,023 |
| Tax Owed | $2,000 |
| Refundable Credit | $2,023 |
Colorado residents may contact Colorado United Way 2-1 Help Centers by dialing 2-1, to find out if they are eligible for the EITC and to be connected to free tax preparation services.
How do I claim the Colorado EITC?
To claim the credit, file your Colorado income tax return (Form DR 0104) and complete the Colorado Credits schedule (Form DR 0104CR ), where you enter your federal EITC and the state credit is calculated from it. You must claim the federal EITC first.
Colorado Department of Revenue
Tax Information / General Services
(303) 238-7378
Sources & notes
Data and figures on this page come from the sources and notes below:
Footnotes
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Colorado’s EITC will match 50 percent of the federal credit. The percentages vary by tax year and are shown in the following table . ↩
About this information
SingleMotherGuide.com is an independent state-by-state reference guide and is not affiliated with any government agency. Program amounts and income limits are compiled from official federal and state sources, which are cited on the page, and are reviewed periodically and updated as those sources change.
The information is provided for general guidance and is not legal or financial advice. The administering agency makes the final determination of eligibility and benefit amounts. To report an error, please contact us.
Data freshness
Figures on this page are compiled from the public sources cited above and may change; refer to the cited sources for the most current information.
- Last updated
- Updated by
- Ada Hu