12 April 2018 Colorado revised 2018 income tax withholding tables issued in response to federal Tax Cuts and Jobs Act The Colorado Department of Revenue released revised 2018 withholding tables in response to the federal Tax Cut and Jobs Act (TCJA). Employers are instructed to immediately begin using these revised withholding tables and continue to use them for the remainder of calendar year 2018. There is, however, no need to make retroactive withholding changes. (Publication DR 1098, Colorado Income Tax Withholding Tables For Employers.) Despite the adjustment in its 2018 income tax withholding tables, the Department, states that federal tax changes may increase taxpayers' 2018 federal taxable income, which may, in turn, increase their Colorado state income tax liability. Colorado withholding tables are typically updated for odd-numbered years. The Department will return to its regular schedule as of January 2019, updating the guide and tables at the end of calendar year 2018 for calendar years 2019–2020.
Document ID: 2018-0793 | |||||||||
