HELPING FAMILIES ACCESS AFFORDABLE, QUALITY CHILD CARE
Your gift to the Child Care Fund supports United Way community impact partners that provide quality child care services to low-income children under the age of 12 in Larimer County. At the core of a family’s ability to be self-sufficient is having a good job. Having access to affordable, quality child care for children significantly increases an individual’s ability to maintain a job. Our kids and families are worth it!
Your total contribution must be made to United Way of Larimer County by check or credit card by December 31st to apply for that year’s tax return.
Gifts of $250 or more qualify.
Non-monetary gifts do not qualify.
Payroll deductions apply only if company provides required documentation.
The credit allowed 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.
COLORADO CHILD CARE CONTRIBUTION CREDIT (CCCCC)
The CCCCC was established in 1999 to encourage greater private support of Colorado child care programs, like those funded by United Way. Monetary contributions to United Way’s Child Care Fund qualify for this credit. In addition to the standard Federal and State income tax deductions, the credit provides a 50 percent state tax credit.
See the example* below:
* As always, please seek advice from a tax advisor.