Did you know that your $1,000 donation will only cost you $340?
* The Colorado Child Care Contribution Tax Credit (CCTC) is a valuable resource for both child care providers and taxpayers to receive a financial incentive. CCTC enables individual and business taxpayers who make a monetary contribution to promote child care and early education in Colorado to claim a state income tax credit of 50% of the total qualifying contribution. The money goes directly to qualified child care providers and can be used to enhance programs, purchase equipment and facilities, staff training, financial assistance for child care, and more.
For more examples of how the Colorado Child Care Contribution Tax Credit works, visit here.
*Individual situations vary. Please consult your tax professional.