Retired Service Members Age 55 or Older: May claim a military retired pay subtraction up to the following amounts.Ĭolorado Department of Revenue, Income Tax Guidance Document FYI Income 25Ĭolorado Department of Revenue, Income Tax Topics: Military Service MembersĬolorado Department of Revenue, Subtractions from Income Schedule DR 0104AD Retired Service Members Under Age 55: May claim a military retired pay subtraction up to $15,000 The amount of the subtraction depends on the retired Service member’s age at the end of the tax year. Learn more about Colorado Income Tax on Military PayĬolorado Military Retired Pay Income Taxes: Retired Service members may claim one of two subtractions for all or part of their military retired pay (must have been included in federal taxable income). This benefit also applies to their Spouse if they accompany the Service member outside the county. for 305 days or more, during a tax year, may file their Colorado income taxes as nonresidents.
All interest and penalties are deferred during this extension.Ĭolorado resident Service members serving on active duty who are stationed outside the U.S. Service members are authorized a 180 day extension to file their Colorado taxes after they return from a combat zone. Pay received by active duty Service members for service in a combat zone that is exempt from federal taxes is also exempt from Colorado income taxes. What are my Colorado Military and Veterans State Tax Benefits?Ĭolorado Income Tax on Military Pay: Military pay received by Colorado Resident Service members is subject to Colorado income tax. Learn more about Colorado County Veterans Service OfficersĬolorado Military and Veterans State Benefit Highlights and Eligibility All their services are provided free of charge.
Eligibility for some benefits may depend on residency, military component and Veteran disability status.Ĭolorado County Veterans Service Officers: The Colorado Department of Military and Veterans Affairs has trained County Service Officers who can assist Veterans, retired Service members and their Families find and apply for military and Veterans benefits under federal, state and local laws. Summary of Colorado Military and Veterans Benefits: Colorado offers special benefits for Service members, Veterans and their Families, including military retired pay tax exemptions, property tax exemptions, state employment preferences, education and tuition assistance, vehicle license plates, as well as hunting and fishing license privileges. Department of Veterans Affairs (VA) Facilities in Colorado
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