Colorado Subtractions from Income FAMLI

BreeG819

I have a question regarding Colorado Subtractions fromIncome for FAMLI Benefits from 1099.

I am unable to move forward with my Colorado state tax return because I'm not sure if I enter the entire amount of FAMLI money received on the Colorado State Subtracts page. My state refund is $304 before entering an amount on the subtractions page but changes to $759. I'm just worried because it's a $459 diffrence and I don't want to get audited or have to pay back.

There is only the total amount received on my FAMLI 1099 in box 1 Unemployment compensation. So that is the only number I would be able to enter anyway.

On the Colorado Subtractions page it does have a specific drop down for Famli benifits but I'm still confused by the explanation provide with the ? Icon.

To summarize I just need to know if I need to enter anything at all on the subtractions page or skip this section altogether. I

Any help and answers to my question are greatly appricated. Thank you

KristineS

Hi BreeG819,

According to the 2024 Colorado individual income tax return instructions booklet on page 23, if you received Form 1099-G from the FAMLI Division of the CO Department of Labor, you'll subtract the amount reported on your federal return (Schedule 1, line 7), on line 22 of your state return.

Your 1099-G box 1 unemployment amount is this amount.

"Enter the amount of any Family and Medical Leave Insurance (FAMLI) benefits included in federal taxable income."

"If you received FAMLI benefits during the year, you should receive IRS form 1099-G from the FAMLI Division (Colorado Department of Labor and Employment) unless a private plan paid the benefits."

Subtract only the amount of FAMLI benefits, if any, included on line 7 of Schedule 1 (IRS form 1040, 1040-SR, and 1040-NR)"

These are the same instructions included in the hyperlink text on the Subtractions from Income page in the Colorado state return section.