Earned income credit in Colorado
Varies
Does Colorado Have an Earned Income Tax Credit?
Short answer: Yes: Colorado offers the Colorado Earned Income Tax Credit, 25% of the federal EITC for 2026 (down from 50% for 2023–2025) (refundable). ITIN filers eligible (via form DR 0104TN). Workers without children under 25 also eligible: generally ages 19–24, age 24 if a specified student, 18–24 for former foster or homeless youth. Full-year and part-year residents only. Revenue triggers set the rate, and the 2026 forecast did not trigger the higher rate.
Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Records to keep: Keep your state return, W-2s and 1099s (1099-R, SSA-1099), and any state credit worksheets. Check your state revenue department's current-year instructions before you file.
Earned income credit in Colorado
Varies
Individuals / Personal Taxes
Yes: Colorado offers the Colorado Earned Income Tax Credit, 25% of the federal EITC for 2026 (down from 50% for 2023–2025) (refundable). ITIN filers eligible (via form DR 0104TN). Workers without children under 25 also eligible: generally ages 19–24, age 24 if a specified student, 18–24 for former foster or homeless youth. Full-year and part-year residents only. Revenue triggers set the rate, and the 2026 forecast did not trigger the higher rate.
Business justification
Yes: Colorado offers the Colorado Earned Income Tax Credit, 25% of the federal EITC for 2026 (down from 50% for 2023–2025) (refundable). ITIN filers eligible (via form DR 0104TN). Workers without children under 25 also eligible: generally ages 19–24, age 24 if a specified student, 18–24 for former foster or homeless youth. Full-year and part-year residents only. Revenue triggers set the rate, and the 2026 forecast did not trigger the higher rate. Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Category
- Personal Tax Deductions