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IRS 1099-INT 2025 online Colorado Springs Colorado: What You Should Know
W-4 and report all wages on that form. 3. How do I report my wages to the Colorado Bureau of Labor Statistics? You can report your wages on the Colorado Employment Tax Rate Estimator. This tool displays the tax rate on which a taxpayer paid wages in the most recent calendar period. Please use the tool if you are reporting wages to the Bureau of Labor Statistics for employment taxes. 4. How do I reconcile W-4s electronically with my tax returns? You will need to provide the Wage and Tax Statement for each quarter or tax year (see above), along with a completed W-4. Your W-4 must be completed in duplicate to reconcile your wage and tax statements. 5. Can I obtain a W-4 online? In 2019, yes. Beginning in 2020, wage data on this site is available only in paper form. Please visit our Wage and Tax Data page for instructions on completing, reporting and mailing wage information. Taxpayer Self-Employment Tax and the Colorado State Tax Employees and self-employed individuals may be subject to Colorado's State Tax on Self-Employment, commonly referred to as “The Social Security Tax.” The Social Security Tax law of the United States prohibits employers and employees from making “excessive deductions” from the payroll of employees and self-employed individuals. See Social Security Act, as amended by the Social Security Amendments of 1986, section 1601. The amount of these deductions may never exceed 2 percent of an employee's or self-employed individual's gross compensation. Tax law prohibits employers and employees from making excessive deductions from a worker's or self-employed individual's compensation for “health insurance coverage (including coverage for insurance of the employee's or individual's dependents).” See also Chapter 3 of the Colorado Revenue Code, section 1603(11). The Colorado State Tax on Self-Employment is calculated as follows: Wages = Base Rate + Employee's or self-employed individual's income (see above) + Deduction This tax is collected on Form 4442. The tax collector will mail a notice with Form 4442 if you have not submitted it before. What is the Colorado State Tax on Self-Employment? The Colorado State Tax on Self-Employment establishes and collects the tax on employment income based on an employee's or self-employed individual's base rate. This percentage is different for self-employed individuals than for individuals who do not have self-employment income.
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