Colorado Child Care Contribution Credit
The Colorado Child Care Contribution Credit was established to encourage greater private support of Colorado child care programs, like those provided by the JCC Denver. Because monetary contributions to the JCC qualify for this tax credit, you may be able to decrease the after-tax cost of your gifts by more than 50 percent.
Please consult with your tax adviser to determine how the credit will affect you personally.
The effect of the credit is that half of your donation to the JCC – as long as it is designated for the credit – is offset by a reduction of your Colorado income taxes. You will still be able to claim your full contribution as a charitable deduction on your Federal and State income tax returns if you itemize deductions. We always recommend that you consult with your tax adviser to determine how the credit will specifically benefit you.