DR 0104TN: Colorado Earned Income Tax Credit for ITIN Filers or Certain Filers Under Age 25 (2024)
Colorado · Colorado DOR · Used for tax years 2024
Form DR 0104TN calculates the Colorado Earned Income Tax Credit for ITIN filers and certain filers under age 25. It includes an eligibility checklist and calculates earned income and the credit amount to transfer to Form DR 0104CR.
Who files this form
Use 2024 Form DR 0104TN to claim a Colorado Earned Income Tax Credit if you meet the eligibility checklist and either:
- You could not claim the federal earned income tax credit, or could not include some dependents, because you, your spouse, or your dependents have an ITIN or a Social Security number that is not valid for employment.
- You could not claim the federal credit because you were under age 25 with no qualifying children, but you have a work-eligible Social Security number and meet Colorado's special requirements for younger filers.
If you could claim the federal credit including your spouse and up to three dependents, do not use this form.
The Colorado credit is available to eligible full-year and part-year residents. Complete the checklist before calculating the credit. It checks residency, filing status, qualifying children, age, income, and other eligibility rules.
For 2024, investment income must be less than $11,600, and total earned income must be at least $1. Both earned income and adjusted gross income must be below the applicable limit:
| Qualifying children | Limit | Married filing jointly limit |
|---|---:|---:|
| None | $18,591 | $25,511 |
| One | $49,084 | $56,004 |
| Two | $55,768 | $62,688 |
| Three or more | $59,899 | $66,819 |
Meeting these income limits alone does not establish eligibility. You must also pass the other applicable checklist requirements.
What you'll need
Have these forms and information available, as applicable:
- Your federal Form 1040, 1040 SR, or 1040 SP, including wage amounts and adjusted gross income.
- Federal Schedule 1 if you reported nontaxable Medicaid waiver payments and elect to exclude them from earned income.
- Form W-2, box 12, code Q, if you received nontaxable combat pay and elect to include it in earned income.
- Federal Schedules SE, C, F, and Schedule K-1 (Form 1065), if they apply to your income.
- The Federal EIC Table in IRS Publication 596 to calculate the credit.
- Colorado Form DR 0104CR to report the credit, and Form DR 0104PN if you are a part-year resident.
- Your name and ITIN or Social Security number, plus the information needed to answer the eligibility checklist for yourself, your spouse, and any qualifying children.
Include a copy of the completed DR 0104TN with your tax return.
How to file
- Complete the eligibility checklist. Continue only if you qualify.
- Complete Section A and any applicable parts of Section B to calculate your income.
- Complete Section C using the Federal EIC Table in IRS Publication 596. Follow the line-by-line directions for earned income and adjusted gross income.
- On line 18, multiply the amount on line 17 by 50%. Full-year residents transfer this amount to DR 0104CR, line 9.
- Part-year residents complete line 19 using the percentage from DR 0104PN, line 34. If that percentage exceeds 100%, use 100%. Transfer the resulting amount to DR 0104CR, line 9, if applicable.
- Complete Section D if you and your spouse, if filing jointly, were under age 25 at year-end and had no qualifying children.
- Include a copy of the completed form with your tax return.
The supplied text does not provide a mailing address or e-file directions.
Common mistakes
- Using this form when it does not apply. Do not use it if you could claim the federal credit including your spouse and up to three dependents.
- Leaving out the completed form. You must include a copy with your tax return.
- Assuming federal line references always match. If you use a federal form such as 1040 SP or 1040 SR, double-check the cited line references.
- Including only part of an elected nontaxable payment type. If you elect to exclude Medicaid waiver payments or include combat pay, enter all the nontaxable pay you received of that type. Spouses filing jointly may make separate elections. These elections may increase or decrease the credit.
- Putting excluded income in Section B, Part II. Do not include statutory employee income, net profit from notary public services, or amounts exempt from self-employment tax on those lines.
- Continuing when line 13 is zero. The form says to stop because you are not eligible for the Colorado credit.
- Using more than 100% for the part-year adjustment. Line 19 caps the percentage at 100%.
Questions people ask
Can I use this form if I already claimed a federal earned income tax credit?
Possibly. If you could not include some dependents only because they have an ITIN or a Social Security number that is not valid for employment, this form may allow a higher Colorado credit.
Can a part-year Colorado resident claim the credit?
Yes, if eligible. Part-year residents adjust the credit on line 19 using the percentage from DR 0104PN, line 34, capped at 100%.
Which filers under age 25 may qualify without children?
The listed categories are ages 19–24 and not a specified student, age 24 and a specified student, or ages 18–24 and a qualified homeless youth or qualified former foster youth. You and your spouse, if filing jointly, must have work-eligible Social Security numbers. You must meet the category's requirements and the other eligibility checklist rules.
How is the Colorado credit calculated?
Section C determines the federal earned income credit you would have been allowed if eligible. Line 18 multiplies that amount by 50%. Part-year residents then apply the adjustment on line 19.