A deduction is an amount that an applicant or client can subtract from their gross income to get their adjusted gross income. A deduction is based off of the U.S. Tax Code, and the adjusted gross income is used to help determine whether they qualify for Modified Adjusted Gross Income-based Medical Assistance (Medicaid and Child Health Plan Plus (CHP+)), tax credits, or other help purchasing health insurance.

This issue brief provides information on the income tax "checkoff" program and the selection of organizations for placement on the income tax form.

In response to taxpayer inquiries, this publication addresses how recent retroactive federal tax provisions interact with Colorado income taxation. In particular, Public Law 116-136, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) enacted in March 2020, modified numerous parts of the Internal Revenue Code, including provisions for net operating loss deductions, business interest expense limitations, excess loss limitations for taxpayers...

In response to taxpayer inquiries, this publication addresses how recent retroactive federal tax provisions interact with Colorado income taxation. In particular, Public Law 116-136, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) modified numerous parts of the Internal Revenue Code, including provisions for net operating loss deductions, business interest expense limitations, excess loss limitations for taxpayers other than corporations,...