Nov. 9, 2019
Move to Colorado and Lower your Taxes. When you combine Property Taxes with State Income Taxes, Colorado is lower than you might think. See how Colorado compares to other higher tax states. Contact me if you want to know specifics and always consult your tax professional. Feel free to share with someone you know that is thinking of moving to Colorado
Click on the chart below to compare Colorado taxes with other higher tax states:
Passed in December of 2017, the federal tax reform law established a new limit on the amount of state and local taxes (SALT) that can be deducted on a federal income tax return. Beginning in 2018, the itemized deduction for state and local taxes paid will be capped at $10,000 per return for single filers, head of household filers, and married taxpayers filing jointly. The cap is $5,000 for married taxpayers filing separately.