Childcare Contribution Tax Credit
Supporters of Special Kids Special Families who reside in Colorado and file Colorado state taxes may qualify for a 50% state income tax credit in addition to the regular state and federal income tax deductions. The Childcare Contribution Tax Credit (CCTC) promotes childcare activities statewide, and Colorado Department of Revenue approved contributions for our Zach’s Place program beginning in 2004.
The Tax Credit
Both corporate and individual donors may benefit. Any taxpayer that makes a cash contribution to Special Kids Special Families designated to Zach’s Place may claim an income tax credit of 50% of the total contribution. Please click here for the most up-to-date information from the Colorado Department of Revenue.
Guidelines
Our agency will provide donors with Form DR 1317, certifying the child care contribution. This form must be attached to a paper income tax return that claims the child care contribution credit, or supplied to the Department of Revenue upon request if the income tax return is filed electronically.
To make an online donation now and designate your gift to the Childcare Contribution Tax Credit, click here. Be sure and select “I would like my donation considered for a Colorado Enterprise Zone, Child Care, or Homeless tax credit.”
Here is an example of the after tax cost of giving:
NOTE: Because of the difficult economic times, certain conditions must be met each year to take advantage of the credit. Please check with your tax advisor for the most current information.
