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Linda Leitz: Year-end giving opportunities | Business
When people feel about their earnings taxes, they frequently consider about the IRS. But lots of states, such as Colorado, also have a condition money tax. And there are alternatives for preparing about some of the condition revenue tax provisions. The Colorado revenue tax calculation commences with the federal taxable revenue, then makes changes to that number. Some deductions can have pretty an influence on state income tax. For instance, taxpayers around a specific age in Colorado who are having cash from retirement accounts can get a deduction for some withdrawals. And folks who give to charity and really do not itemize on their federal return could get a charitable…