About the Colorado Child Care Contribution Tax Credit

Your cash contribution to A Shared Vision qualifies for a 50% Colorado Child Care Contribution Credit. A Shared Vision donors who file a Colorado state tax return are eligible to claim the credit for qualifying contributions they make during the given calendar year.

What you receive:

• Half of your qualifying monetary donation is offset dollar-for-dollar against your Colorado income taxes. Please note that stock or other securities and in-kind gifts, such as labor or equipment, are not eligible but may qualify for other tax benefits.
• In addition, you can deduct your fully qualifying contribution on your federal and state income taxes if you itemize deductions.
• In the case of donations associated with events, only the deductible portion of your payment, reduced by the value of goods or services received, is eligible. You will be advised of the net amount eligible for the credit.

The result:

• A decrease in the after-tax cost of gifts by more than 50%.
• Confidence knowing that your gift is making an impact for Colorado’s children and families while providing donor friendly tax benefits for your charitable giving goals.

At the end of each year we will mail you the necessary form to claim the credit for all qualifying gifts received during that calendar year. Donors should contact their tax advisor for advice regarding how to apply the credit as information here is not considered tax advice. For more information please visit the Colorado Department of Revenue Bulletin.

Questions? Contact us at referrals@ASharedVision.org.