Child Care Contribution Credit

The Child Care Contribution Credit is available for 2018! Make your gift go further and save in the process when you donate to "I Have A Dream" this year. 

Colorado Child Care Contribution Credit: More Than Half of Your Donation Comes Back to You!

For tax years 2018-2019, the Child Care Contribution Credit is back! The “I Have A Dream” Foundation of Boulder County is a qualified child care facility for the State of Colorado, which means that your donation of $250 or greater, up to $200,000, to a qualified program qualifies for a 50% childcare contribution credit on your State of Colorado taxes. 

*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 still qualifies as a charitable deduction on your Federal income tax
  • Donation must be made as a single gift, paid in full via check, cash, credit card, direct bill or electronic funds transfer
  • You can take advantage of the tax credits regardless of whether you itemize or not
  • Both individuals and corporate donors can benefit from this tax credit program
  • In-kind and stock donations are not eligible for this credit

The tables below illustrates how a large part of your donation comes back to you in various tax credits and deductions.

24% Tax Bracket Example

24% Tax Bracket Example

 

28% Tax Bracket Example

28% Tax Credit Info