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11/29/2018
Give Magazine

Understanding the Child Care Contribution Tax Credit

Republished with permission from The Denver Foundation GIVE Magazine. This article originally appeared in the Winter 2018 issue.

The Child Care Contribution Tax Credit (the CCTC) provides a valuable tax credit against a taxpayer’s Colorado state income tax. The credit equals 50 percent of the amount of a contribution made to a qualifying Colorado charitable organization that promotes child care. At the end of August, the IRS issued proposed regulations amending Treas. Reg. Section 1.170A-1. The proposed regulations would limit the deductibility for federal purposes of charitable donations that qualify for a state or local tax credit like the CCTC.

Please see full Publication for more information: Understanding the Child Care Contribution Tax Credit.

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