The Family Center/la familia’s
Details for 2023 are coming soon!
Interested in sponsoring the fun community event?
Do you have an auction item to donate?
THANK YOU TO OUR EVENT SPONSORS!
The Child Care Contribution Tax Credit
As added incentive for our donors, monetary donations also qualify for the Colorado Child Care Contribution Tax Credit, which offers an additional credit up to 50% on your state income taxes. The CCTC applies to contributions of cash, to Colorado institutions that support child care for children under 12 and to certain approved charities. These contributions could be deductible as charitable contributions for federal and state income tax purposes depending on your personal situation. In addition, a taxpayer could credit up to 50% of the contribution against the taxpayer’s Colorado state income tax liability. These deductions and credits substantially reduced the after-tax cost of such donations to taxpayers. The credit is non-refundable, but may be carried forward for 5 tax years. Learn more here or here. Please consult your tax advisor for information on your specific information.