Child Care Contribution Credit

The Child Care Contribution Credit is fully back for 2017! 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 2017-2019, 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 taxes. 

In 2011, the Colorado state legislature put a temporary hiatus on the credit, which meant you were unable to claim your tax credit for 2011-12 donations. Over the past three years, you were only able to claim 50-75% of the credits you have accrued from donations made in 2011-2013. For tax years 2017-2019, you will be able to claim 100% of remaining and additional accrued credits. Both individuals and corporate donors can benefit from this tax credit program.

*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 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. The first example is a 28% tax bracket and the second one is a 33% tax bracket for illustration purposes.

28% Tax Bracket Example

28 bracket


33% Tax Bracket Example

CCC Updated Graphic Smaller