Colorado Child Care Tax Credit

 
COLORADO CHILDCARE CONTRIBUTION 
TAX CREDIT

Help kids & save money on your taxes 

Taxpayers who make a monetary contribution to promote childcare in Colorado may claim an income tax credit of 50% of the total contribution. Both corporate and individual donors may benefit. Any taxpayer who makes a cash contribution to Boys & Girls Clubs of Pueblo County may claim an income tax credit of 50% of the total donation on your Colorado income tax return. 

The most current information about the tax credit can be found at the Colorado Department of Revenue’s website: colorado.gov 

GUIDELINES:

The maximum credit you may take in any one year is $100,000 or your actual Colorado income tax liability for the year, whichever is less.

Any unused credit may be carried forward for up to five additional tax years.

Only monetary donations are eligible. Stock or other securities and in-kind gifts, such as labor or equipment, are not eligible but may qualify for other tax benefits.

In the case of donations associated with events, only the deductible portion of your payment, reduced by the value of goods and services received, is eligible. You will be advised of the net amount eligible for the credit.

Both individuals and corporations can take advantage of the credit.

BGCPC’s Tax ID: 23-7307508


Boys & Girls Clubs of Pueblo County
635 W. Corona Avenue, Suite 100 | Pueblo, CO 81004
719-564-0055 x106

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