What is the state minimum wage?

  • $14.42/hour (The minimum wage for tipped employees is $11.40/per hour)

What do I need to know about state withholding tax?

  • All income earned by Colorado residents is subject to Colorado withholding tax.
  • Residents can claim a credit for taxes paid to another state to avoid double taxation.
  • Income earned by non-residents will be taxed in Colorado if it is Colorado-sourced income and is included in their modified federal adjusted gross income.
  • New employers are required to register for a withholding account. Click here to register.

What forms do employees need to set up state withholding?

  • N/A – no state-specific form is required

What do I need to know about unemployment tax?

  • 2024 Taxable Wage Base – $23,800
  • 2024 New Employer UI Rate – Rates vary based on industry: 3.05% for non-construction; 3.08% for general construction & trades; 8.055% for heavy construction; 0.2% for political subdivision. 
  • With few exceptions, new employers are required to register for an unemployment tax account. Click here to register online.

How do I report new hires to the state?

How do I submit Child Support payments?

Additional Resources:

Arkansas Tax Forms & Publications

Colorado Department of Revenue Colorado Employment Security
Colorado Department of Labor Colorado State Laws
Tax Forms & Publications Colorado Employer Handbook

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