Our Y facilities are open to Y members and paid program participants only. Please check our reopening guide for policies and how the new statewide mask mandate impacts you and your family while in Y programs.

COLORADO CHILD CARE TAX CREDIT

Taxpayers who make a monetary contribution to promote child care in Colorado may claim an income tax credit of 50% of the total contribution.

Both corporate and individual donors may benefit. Taxpayers who make a cash contribution to the YMCA of Northern Colorado’s Community Support Campaign may claim an income tax credit of 50% of the total donation on their Colorado income tax return. Please check with your accountant; you may need to itemize to take advantage of this tax benefit.

EXAMPLE

  • Donation Amount: $1,000
  • Federal Tax Savings at *30%: -$150
  • Colorado Tax Savings at *5%: -$23
  • Colorado Child Care Tax Credit: -$500
  • Total Donor Out of Pocket: $327

*Recognized at 1/2 for Colorado Contribution Tax Credit consideration.

Guidelines

  • In-kind contributions of property (non-monetary donations) do not qualify for the credit.
  • Donors may not receive any goods or services in return for their contribution.
  • 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.
  • The Y will provide you with the DR 1317 Child Care Contribution Credit Certification in January of the following year.
  • Donors should contact their tax advisors for advice about how the credit affects their tax picture. Information provided
    here is not tax advice.