How much does a Medical Records Specialists actually take home in Colorado?
4.4% flat rate — 20.5% effective total tax rateData: BLS OEWS 2024 + IRS/State Tax Brackets 2024 • Updated 2026-04-02
Some links are affiliate links. See our disclosure.
Detailed line-by-line tax calculation for a Medical Records Specialists earning $55,660 in Colorado (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $55,660 | — |
| Federal Income Tax | -$4,695 | 8.4% |
| Colorado State Income Tax | -$2,449 | 4.4% |
| Social Security (OASDI) | -$3,450 | 6.2% |
| Medicare | -$807 | 1.5% |
| Total Taxes | -$11,402 | 20.5% |
| Take-Home Pay | $44,257 | 79.5% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Medical Records Specialists in Colorado.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $40,010 | -$7,638 | $32,371 | 19.1% |
| 25th Percentile (P25) | $47,350 | -$9,403 | $37,946 | 19.9% |
| Median (P50) | $55,660 | -$11,402 | $44,257 | 20.5% |
| 75th Percentile (P75) | $69,250 | -$15,420 | $53,829 | 22.3% |
| 90th Percentile (P90) | $82,980 | -$20,095 | $62,884 | 24.2% |
After federal income tax ($4,695), state tax ($2,449), and FICA ($4,257), a Medical Records Specialists in Colorado takes home $44,257 per year — or $3,688 per month. The effective tax rate of 20.5% is relatively low compared to the national range.
Where does a Medical Records Specialists keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Colorado ranks #10 out of 51 states for Medical Records Specialists after-tax take-home pay.
A Medical Records Specialists in Colorado earning a median salary of $55,660 will take home approximately $44,257 per year after federal income tax ($4,695), state income tax ($2,449), and FICA ($4,257). That is $3,688 per month or $1,702 per bi-weekly paycheck.
The effective total tax rate for a Medical Records Specialists in Colorado is 20.5%, broken down as: federal income tax 8.4%, Colorado state tax 4.4%, and FICA (Social Security + Medicare) 7.6%. This assumes a single filer with the standard deduction for 2024.
Colorado has a 4.4% flat rate. On a Medical Records Specialists's median salary of $55,660, the state income tax amounts to $2,449 per year, which is an effective state rate of 4.4%.
After all taxes, a Medical Records Specialists in Colorado takes home approximately $3,688 per month, or about $21.28 per hour (based on a standard 2,080-hour work year). These figures assume a single filer, standard deduction, and no additional pre-tax deductions.
We start with the 2024 BLS median salary of $55,660 for Medical Records Specialists in Colorado, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), Colorado state income tax (4.4% flat rate), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $44,257/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
This estimate assumes a single filer using the 2024 standard deduction ($14,600), with W-2 employment income only. It does not account for: itemized deductions, tax credits (e.g. earned income credit, child tax credit), local/city taxes, pre-tax contributions (401k, HSA, FSA), self-employment tax, or additional income sources. Actual take-home pay may differ. Consult a tax professional for personalized advice.
Our Methodology · Data Sources · Salary: BLS OEWS · Tax: IRS + State DOR