Colorado releases new publication, Wage Withholding Tax Guide, changes DR1098 to tax withholding worksheet

Colorado has released a new publication, the Wage Withholding Tax Guide. With the release of this document, Colorado has incorporated the FYI #5 and FYI #6 into a single unitary tax withholding guide.

Directions in the new publication have been edited for clarity and consistency but in terms of processes, thresholds, frequencies and other information, substantive direction has not changed.

For the full Colorado Wage Withholding Tax Guide, click here.

For the Colorado Withholding Tax Guidance Publications List, click here.

DR1098

Colorado has reworked the DR1098 from the previous withholding table into the Colorado Income Tax Withholding Worksheet for Employers (DR1098). 

The new worksheet should be used for TY 2020 and forward.

For the complete DR1098 worksheet, click here.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Gerry Nelligan

Gerry Nelligan is a Regulatory Analysis Supervisor at Sovos, leading a team of counsels covering information reporting, including 10-Series IRS reporting, Affordable Care Act (ACA) reporting and Automatic Exchange of Information (AEOI). Gerry received his J.D. from Suffolk University Law School and his B.A. from Providence College. He is a licensed attorney in the state of Massachusetts.
Share This Post