Best Tax Attorneys in Arvada

FAQs

• Where does the Tax Court hold trial sessions closest to Arvada, Colorado?

  The tax court closest to Arvada is located at Courtroom C502, Byron G. Rogers U.S. Courthouse, 1929 Stout Street, Denver, CO 80294.

• Where is the low-income taxpayer clinic that is closest to Arvada, Colorado?

  The low-income taxpayer clinic nearest to Arvada is the Denver Asset Building Coalition located at 2475 W. 26th Ave., Denver, CO 80211.

• What are the tax rates in Colorado that are implemented in Arvada?

  Colorado imposes a 4.40% tax rate on corporate income in Arvada, while the state’s various jurisdictions differ in terms of collecting local income taxes. The maximum allowed rate for local sales taxes is 8.30%, while the state charges a 2.90% sales tax. The average combined rate for local and state sales taxes is 7.78 %.

• What items are excluded from sales tax in Arvada?

  In Arvada, as in all of Colorado, food items and services are excluded from being charged with sales taxes, except for candy and soda. The state levies a sales tax on businesses’ purchased goods that are not meant for resale. Use tax is charged instead of sales tax for items that are purchased for consumption within Colorado that came from another state. Use taxes are also charged in circumstances where no sales tax was paid.

• What part of Arvada residents’ income does the state of Colorado tax?

  All income of Arvada residents is charged an income tax by the state of Colorado, whether they were earned from sources within the state or from sources outside of it. Colorado also charges income tax on Colorado-sourced incomes of non-resident individuals. For individuals who are Colorado residents for only a portion of the year, tax is imposed on both the income that they earned as a resident of the state and all income they earned from sources within Colorado.

• Who is exempt from state income taxes in Arvada?

  Colorado does not provide any personal income tax exemptions for residents of Arvada, whether they earn little income or a lot. The state charges a uniform rate, and the standard deduction that it imposes is $12,550 for taxpayers who are single and $25,100 for filers who are married.

• Are Arvada residents required to report their consumer taxes?

  Taxpayers in Arvada can opt to voluntarily report the consumer use taxes that they owe special districts and the state on their DR 0252 or Consumer Use Tax Return form and DR0104US or Consumer Use Tax Reporting Schedule form when filing their individual tax returns. They can report via the Revenue Online site at https://www.colorado.gov/revenueonline/.