Estimated tax is the method used to pay tax on income
that is not subject to withholding. Wages typically have
withholding, but earnings from self-employment, interest,
dividends, rents, etc. would be subject to estimated tax. You
might also pay estimated tax if your withholdings are not
enough to be excluded from the General Rule below. If you
le federal Form 1040-ES with the federal Internal Revenue
Service (IRS), typically you would pay estimated tax to the
Colorado Department of Revenue. See the individual income
tax guidance publications available at for
more information.
General Rule
In most cases, you must pay estimated tax if you expect to
owe more than $1,000 in net tax for 2022, after subtracting
any withholding or credits you might have.
Required Payments
The required annual amount to be paid is the smaller of:
70% of the actual net Colorado tax liability (or, if at
least 2/3 of your income is from farming or shing,
50% of the actual net Colorado tax liability), or
100% of the preceding year’s net Colorado tax
liability. This rule only applies if the preceding year
was a 12-month tax year, the individual led a
Colorado return, and the federal adjusted gross
income on that return was $150,000 or less (or, if
married ling separately, $75,000 or less), or
110% of the preceding year’s net Colorado tax
liability. This amount applies only if the preceding
year was a 12-month year, and the individual led a
Colorado return.
Annualized Installment Method
If you use an annualized method to le estimated payments
for your federal income tax, you may le using this method
for Colorado estimated payments. Specic instructions for the
annualized installment method are available in publication
Individual Income Tax Guide.
Carryforward of Estimated Overpayment
Any overpayment designated for carryforward on your Colorado
income tax return from the previous year will be applied to
the rst estimated tax payment due for this tax period.
Calculating the Payment
Estimated tax payments can be made on a quarterly basis.
Use the worksheet provided on the following page to
calculate the amount of estimated tax owed. Reference the
previous year Colorado income tax return and instructions
for help determining taxable income. Those who le joint
returns must make the payment under the taxpayer name
and Social Security or ID number that will be listed rst on
the income tax return. Remit payments on or before the
due dates listed in the table following calculation worksheet
on the next page.
Failure to timely remit estimated tax as necessary will result
in an Estimated Tax Penalty. By law, exceptions will be given
to farmers or shermen who le and remit full payment
by March 1. Otherwise, penalty will be calculated for each
missed, late, or underpaid payment. For calculation specics,
or to remit this penalty before being billed, see form DR 0204,
Underpayment of Individual Estimated Tax.
Estimated tax payments can only be claimed as prepayment
credit on the 2022 Colorado income tax return. Therefore,
estimated payments cannot be refunded in any manner until
such time that the Colorado income tax return is led.
Go Green with Revenue Online allows taxpayers to
file taxes, remit payments and monitor their tax
accounts. The DR 0104EP is not required if electronic
payment is remitted through this site. Please be
advised that a nominal processing fee may apply
to electronic payments.
Pay by Electronic Funds Transfer (EFT)
EFT payments can be made safely, for free, and
can be scheduled up to 12 months ahead of time to
avoid forgetting to make a quarterly payment. This
requires pre-registration before payments can be
made. Visit
for registration information.
Additional information, guidance publications and
forms are available at or you can
call 303-238-SERV (7378) for assistance.
Individual Estimated Income Tax
DR 0104EP ( 07/01/21)
Denver CO 80261-0008
DR 0104EP ( 07/01/21)
Denver CO 80261-0008
Colorado Estimated Tax – Individuals Worksheet
Do not send, keep for your records
1. Estimated 2022 Colorado taxable income $ 00
2. Estimated 2022 Colorado income tax — 4.55% of line 1 $ 00
3. Estimated 2022 Colorado alternative minimum tax $ 00
4. Estimated 2022 recapture of prior year credits $ 00
5. Total of lines 2, 3 and 4 $ 00
6. All credits other than withholding and estimated payments $ 00
7. Subtract line 6 from line 5 $ 00
8. Estimated 2022 Colorado wage or nonresident real estate withholding tax $ 00
9. Net estimated tax, subtract line 8 from line 7 $ 00
Net Amount Due
Overpayment Applied
Payment Due Due Dates
1 $ 00 $ 00 $ 00 April 15
2 $ 00 $ 00 $ 00 June 15
3 $ 00 $ 00 $ 00 September 15
4 $ 00 $ 00 $ 00 January 15, 2023
Round your payment to the nearest dollar. If paying by check, the amount on the check and the amount entered on the payment
form must be the same. This will help maintain accuracy in your tax account. It is strongly recommended that estimated
payments be remitted online at or by EFT at to
avoid problems or delays with the 2022 income tax return.
Due Dates: If the due date falls on a weekend or federal holiday, payment will be due the next business day.
DR 0104EP ( 07/01/21)
Return the DR 0104EP with check or money order payable to the “Colorado Department of Revenue”. Mail payments to
Colorado Department of Revenue, Denver, Colorado 80261-0008. These addresses and ZIP codes are exclusive to the
Colorado Department of Revenue, so a street address is not required. Write your Social Security number or ITIN and
“2022 DR 0104EP” on your check or money order. Do not send cash. Enclose, but do not staple or attach, your payment
with this form. File only if you are making a payment of estimated tax and are unable to pay online or by EFT.
Your Last Name
Your First Name Middle Initial
Spouse SSN or ITIN
Spouse Last Name
Spouse First Name Middle Initial
State ZIP
The State may convert your check to a one-time electronic banking transaction. Your bank account may be debited as early as the same day received by
the State. If converted, your check will not be returned. If your check is rejected due to insufcient or uncollected funds, the Department of Revenue may
collect the payment amount directly from your bank account electronically.
Amount of Payment
DR 0104EP ( 07/01/21)
Denver CO 80261-0008
Page 1 of 1
2022 Colorado Estimated Income
Tax Payment Form
DO NOT CUT – Return Full Page
DO NOT CUT – Return Full Page
Only return this payment form with a check or money order.