Income Tax Deduction For Rent
Concerning the creation of an income tax deduction for rent paid.
2022 Regular Session
Fiscal Policy & Taxes
The bill creates an income tax deduction of up to $17,500 for tenants with taxable income under $40,000 for an individual or under $80,000 for a head-of-household or a married couple for rent paid on a rental residence in Colorado.
(Note: This summary applies to this bill as introduced.)