• Child Care Tax Credit

Donors to CNC benefit from Colorado Child Care Contribution Credit

The State of Colorado offers a 50% income tax credit for donations to child care centers. Child Nursery Centers is devoted entirely to early care and education, so our donors are eligible to receive the maximum 50%.

This means that your individual or business contribution to the Child Nursery Centers has a direct impact on the lives of working families in the Pikes Peak region and it has the additional benefit of reducing your Colorado tax liability.


Example of Child Care Credit Tax Savings (28% tax bracket)

A. Charitable Donation	$1,000
B. Colorado State Income Tax Savings (4.63%)	$46
C. Colorado Child Care Tax Credit	$500
D. Federal Income Tax Charitable Deduction *	$127
E. Tax Savings (B + C + D)	$673
F. After-tax cost of your $1,000 contribution (A-E)	$327
* Federal tax deduction is reduced because of the add-back effect of reduced state taxes

At the end of the year, we will mail you a completed form (DR1317) indicating that your donation will be used entirely in support of our early care and education program. This form should be given to your tax preparer. For additional information please contact your tax consultant.

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