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Denver imposes two separate but related Occupational Privilege Taxes (OPT). The Business OPT is imposed on businesses operating in Denver and the Employee OPT is imposed on individuals who perform sufficient services within Denver to receive as compensation at least five hundred dollars ($500) for a calendar month.
Denver occupational privilege tax is also known as OPT or head tax. The occupational privilege tax consists of two distinct parts: the employee occupational privilege tax and the business occupational privilege tax.
Denver occupational privilege tax is also known as OPT or head tax. The occupational privilege tax consists of two distinct parts: the employee occupational privilege tax and the business occupational privilege tax.
Denver Occupational Privilege Tax (OPT) In Denver for example, an employee must pay $5.75 per month and their employer an additional $4.00 per month, just to have the "privilege" to perform work in the county.
City and County of Denver . 720-913-9319 . Judy.bonato@denvergov.org . Aka “Head” tax Basic Definition Purpose Actually 2 separate taxes . Must have nexus (business presence) Business Owners ... Denver Occupational Privilege Tax (OPT) Author: Bonato, Judy - Treasury TC Created Date:
Sales Tax, Use Tax, and Employee and Business Occupational Privilege Taxes are generally applicable at all government- owned properties and in all government buildings. Federal enclaves (areas of exclusive federal legislative jurisdiction)
Denver occupational privilege tax. The City and County of Denver occupational privilege tax is owed on employees who earn at least $500 in gross wages in a calendar month from work done within the city. The employee OPT is $5.75 per month. You will withhold this amount from each qualifying employee’s wages.
Denver Occupational Privilege Tax. In Denver, any employee who earns more than $499 per month in a given month is considered taxable for that month, at a rate of $5.75 per month, for the privilege to perform work in the county. Additionally, their employer must pay an Occupational Privilege Tax of $4.00 per employee per month*.
If an employee works inside and outside of Denver, the business should use an “acceptable method” to divide earnings between jurisdictions and pay the tax accordingly, the video explains. More information about Denver’s Occupational Privilege Tax can be found here.
My W2 from my employer included the Denver Occupational Privlege Tax (OPT) in Box 19 of my IRS Form W2 . Where do I enter this tax on my return (or in TurboTax.