Colorado Child Care Tax Credit

We appreciate your support to provide character and leadership to youth in the Longs Peak Council, Boy Scouts of America. Since monetary contributions to the Investment in Character and Leadership Campaign qualify for the Colorado Child Care Contribution Tax Credit, you can decrease the after-tax cost of your gifts by more than 50 percent. You not only receive the state tax credit but also the state and federal contribution deduction.

The Colorado Child Care Contribution Credit (CCCCC) program, instituted in 1999, provides a 50 percent state tax credit for any contribution made to a qualifying organization. This incentive attracts donations to an industry that not only comprises a large sector of the economy on its own, but also provides a service that cuts down on absenteeism and stress for working parents, further buttressing Colorado’s economy.

Whether or not you have children, you can receive this tax credit!

50% CHILD CARE CONTRIBUTION CREDIT

-For tax years 2015-2019, you will be able to claim 100% of the credits you have accrued from donations.

-The tax credit is limited to donations up to $100,000 annually or Colorado income tax liability, whichever is less. Any unused credits may be carried forward for up to five years.

-In-kind contributions, including stock, property, or any non-monetary donations are not eligible.

-Donors may not receive any goods or services for this contribution.

Contribution $1,000 $5,000 $10,000 $25,000 $50,000
Federal Tax Bracket 22% 24% 32% 35% 37%
Colorado Child Care Contribution Credit ($500) ($2,500) ($5,000) ($12,500) ($25,000)
Colorado charitable deduction ($46) ($231) ($462) ($1,155) ($2,310)
Federal charitable deduction ($220) ($1,200) ($3,200) ($8,750) ($18,500)
After tax cost of giving $234 $1,069 $1,338 $2,595 $4,190

*This information should not be construed as tax advice, and as always, you should consult your tax advisors for the most accurate information.

YOUR DONATION PROVIDES CHARACTER AND LEADERSHIP TO YOUTH IN OUR COMMUNITY

Making a donation is easy! Just fill out your donation form, mark the box for the Investment in Character and Leadership Campaign and send it in. Upon receipt of your donation we will send you a Child Care Contribution Tax Credit form (DR 1317) certifying your child care contribution. Attach the DR 1317 form to your state income tax filing and receive the credit.

Tax Credit information sheet 2018 printer friendly version

Other Resources:

State of Colorado Tax Information on the Child Care Tax Credit

State of Colorado Child Contribution Credit Income:  35

Colorado Child Care Contribution Tax Credit by City