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.
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.