What is considered low income in Colorado?

Answer Low income in Colorado is based on monthly gross income and the number of people in a household. To qualify, a person must be a U.S. Citizen or a legal resident of Colorado. Monthly maximum gross i... Read More »

Top Q&A For: What is considered low income in Colorado

What income is considered low income for a family?

The United States sets a "poverty threshold," which is the minimum amount of money a person or family can make and still buy the basic necessities. As of 2009, that amount for a family of four aver... Read More »

Is there a state income tax in colorado?

Colorado does have a state income tax. Colorado uses a flat tax of 4.63 percent of your federal taxable income as of 2010, according to The Tax Foundation and the Tax Policy Center.Source:The Tax F... Read More »

How Much Colorado State Income Tax Can I Owe Without a Penalty?

If you owe Colorado state income tax but can't afford to pay your entire tax liability when you file, you might wonder exactly how much the state requires you to pay to avoid a late payment penalty... Read More »

What Is Considered Low Income in the U.S.?

Low income status depends on the size of your household. As of 2010, the federal poverty level considers anyone making less than $10,830 per year as low income, according to the U.S. Department of ... Read More »