What Happens If You Don’t File Taxes in Colorado?

Paying taxes funds public services and goods. The state government taxes individuals and businesses. Residents and non-residents pay these taxes. You must pay them on income, property, and other taxable assets.
Colorado residents pay taxes on all income. Non-residents pay taxes on Colorado income. Part-year residents also pay taxes on Colorado income. Retirees pay taxes on certain retirement income. However, some income is tax exempt.
The state income tax rate is 4.5%. It ranges from 4.55% to 4.63% based on income. Corporations pay 4.63%. Non-residents pay a flat 4.63% rate. Taxpayers can use deductions and credits to lower tax liability.

Filing taxes funds state programs and services. Understanding tax laws is crucial, whether you currently live in Colorado or plan to move there. Income tax affects residents, part-year residents, and non-residents.