Childcare Contribution Tax Credit

Supporters of Special Kids Special Families who reside in Colorado and file Colorado state taxes may qualify for a 50% state income tax credit in addition to the regular state and federal income tax deductions. The Childcare Contribution Tax Credit (CCTC) promotes childcare activities statewide, and Colorado Department of Revenue approved contributions for our Zach’s Place program beginning in 2004.

Colorado's child care contribution tax credit

The Tax Credit

Both corporate and individual donors may benefit.  Any taxpayer that makes a cash contribution to Special Kids Special Families designated to Zach’s Place may claim an income tax credit of 50% of the total contribution. Please click here for the most up-to-date information from the Colorado Department of Revenue.

Guidelines

  • No in-kind or stock contributions qualify for the credit.
  • Under the 2023 bill, the Childcare Contribution Tax Credit would be extended through 2026.
  • The credit shall not exceed $100,000 per year.
  • The credit allowed shall not exceed the tax liability for the year. Any excess credits may be carried forward for up to five years.
  • Donors should contact their tax advisors for advice about how the credit affects their tax picture. Information on this website is not tax advice.
  • Indicate “CCTC for SKSF Zach’s Place” in the memo line of your check. Your restriction must be indicated at the time you make your gift.

Our agency will provide donors with Form DR 1317, certifying the child care contribution.  This form must be attached to a paper income tax return that claims the child care contribution credit, or supplied to the Department of Revenue upon request if the income tax return is filed electronically.

To make an online donation now and designate your gift to the Childcare Contribution Tax Credit, click here.  Be sure and select “I would like my donation considered for a Colorado Enterprise Zone, Child Care, or Homeless tax credit.”

Here is an example of the after tax cost of giving:

A table showing the cost of childcare and the available tax credit contribution.

COLORADO CHILD CARE CONTRIBUTION TAX CREDIT INFORMATION

Disclaimer: Information on this website is provided for informational purposes only and is neither intended to be nor should be construed as legal, accounting, tax, investment, or financial advice. Please consult a professional (attorney, accountant, tax advisor) for the latest and most accurate information. SKSF makes no representations or warranties as to the accuracy or timeliness of the information contained herein.

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