State of Colorado Tax 2024-2025 Form

What is the DR 0104, Colorado Individual Income Tax Return

The DR 0104 is the official form used for filing individual income tax returns in the state of Colorado. This form is essential for residents and part-year residents who need to report their income, calculate their tax liability, and claim any applicable credits or deductions. The DR 0104 is designed to ensure that taxpayers comply with Colorado tax laws while providing a straightforward method for reporting their financial information to the Colorado Department of Revenue.

How to obtain the DR 0104, Colorado Individual Income Tax Return

Taxpayers can obtain the DR 0104 form through several convenient methods. The most common way is to download it directly from the Colorado Department of Revenue's official website. Additionally, physical copies of the form can often be found at local tax offices, public libraries, and community centers. For those who prefer assistance, many tax preparation services can provide the form as part of their offerings.

Steps to complete the DR 0104, Colorado Individual Income Tax Return

Completing the DR 0104 involves several key steps:

• Gather all necessary documentation, including W-2s, 1099s, and any other income statements.
• Fill out personal information, including your name, address, and Social Security number.
• Report your total income, including wages, interest, and dividends.
• Calculate your deductions and credits, which can reduce your taxable income.
• Determine your tax liability using the Colorado tax tables provided with the form.
• Sign and date the form before submitting it.

Filing Deadlines / Important Dates

It is crucial for taxpayers to be aware of the filing deadlines for the DR 0104. Typically, the deadline for submitting individual income tax returns in Colorado is April 15. If this date falls on a weekend or holiday, the deadline is extended to the next business day. Taxpayers who need additional time to file can apply for an extension, but they must still pay any estimated taxes owed by the original deadline to avoid penalties.

Required Documents

To accurately complete the DR 0104, taxpayers should have the following documents ready:

• W-2 forms from employers
• 1099 forms for any freelance or contract work
• Records of other income sources, such as rental income or investments
• Documentation for deductions, such as mortgage interest statements and property tax receipts
• Any relevant tax credit information

Form Submission Methods (Online / Mail / In-Person)

The DR 0104 can be submitted through various methods to accommodate different preferences. Taxpayers can file online using the Colorado Department of Revenue's e-filing system, which offers a secure and efficient way to submit returns. Alternatively, forms can be mailed directly to the Colorado Department of Revenue or submitted in person at designated tax offices. Each method has its own advantages, so taxpayers should choose the one that best fits their needs.