Alaya Preschool is a qualified childcare facility for the State of Colorado, which means that your donation up to $200,000, qualifies for a 50% Colorado Child Care Contribution Tax Credit (CCCC). This credit was established to incentivize monetary contributions which. promote child care in Colorado.
MAXIMIZE YOUR GIFT
Any Colorado taxpayer that makes a qualifying contribution can claim the child care contribution credit. Resident and nonresident individuals, estates, trusts, and C corporations can all claim the credit for qualifying contributions.
This CCCC is unrelated to child care credits which families claim for child care expenses they pay during the tax year and claiming the CCCC will not affect your deductions for child care expenses.
The CCCC is currently approved for gifts made up to December 31, 2024. It may be extended beyond this date by the Colorado Legislature as it has done in the past, but we do not currently have confirmation of an extension.
*This information should not be construed as tax advice, and as always, you should consult your tax advisors for the most accurate information.
**In addition, you will be able to claim your contribution as a charitable deduction on your federal and state income tax returns if you itemize deductions. This example is based on a 35% tax bracket.
Alaya will provide a signed, certified form (DR 1317) that states the amount of the contribution and the eligible purposes for which the tax contribution was made.
Monetary gifts including cash, checks, and credit are eligible for the CCCC.
In-kind contributions, including stock, property, or any non-monetary donations are NOT eligible.
Calculate Your Donation & Savings
Colorado Child Care Contribution Tax Credit Calculator
Enter your donation amount and adjust your federal tax savings percentage to calculate your tax savings breakdown:
*This information should not be construed as tax advice, and as always, you should consult your tax advisors for the most accurate information.
“Alaya has brought such joy, love, and community to our lives, so we knew we needed to step up to help keep Alaya open for not only our youngest daughter but also for future generations of children and families. We decided that our best bet was to ask our extended family for support, so we reached out to grandparents, aunts, uncles, and siblings and asked them to give to us directly. We then took full advantage of the Colorado Childcare Tax Credit and were able to double all the donations. With that strategy, we are thrilled to be able to donate $30,000 to help save Alaya!”
~ The Gibbons Family