Depositing and Reporting Withheld Taxes: Colorado
Federal law and guidance on this subject should be reviewed together with this section.
- Colorado income tax withholding deposit thresholds and schedules are based on how much an employer withholds during the lookback period. See Deposit Thresholds and Schedules.
- Certain employers are required to make deposits by electronic funds transfer (EFT). See Electronic Deposit Requirements.
- Employers that do not deposit electronically must complete the appropriate form. See Forms.
- Penalties are imposed for failure to comply with the income tax depositing and filing requirements. See Penalties.