Colorado Child Care Contribution Credit

The Colorado Child Care Contribution Credit is a 50% credit for donations of $200 or more, up to $200,000. For example, a $500 donation gets a $250 credit.

1. Must be a Colorado Resident.
2. Must pay Colorado State tax.
3. You don’t have to have kids.

  1. The donor must make a gift of $200 or more and indicate that the gift is for the Colorado Child Care Contribution Credit (CCCC).
  2. In-kind gifts do not qualify for the CCCC.
  3. Donors may not receive any goods or services in return for their contribution.
  4. The credit allowed shall not exceed $100,000 per year ($200,000 gift per person).
  5. Any unused credit will be carried forward.

The Child Care Contribution Credit (CCCC) was designed to promote child care in Colorado. Donors may qualify for this state tax credit by designating your gift to Twin Peaks Bible Camp.

Tax Savings Example for a Gift of $500 (Illustration ~ 24% tax bracket) Situations vary. Consult your tax advisor.

CCCC 50% Tax Credit
$500 Donation$500
Colorado Income Tax Credit$250
Federal and state Income Tax Deduction$78
Total Tax Savings$328
After Tax Cost of Giving $500$172

Twin Peaks Bible Camp will provide a signed letter that states the amount of the cash gift and the eligible purpose for which the gift was made, along with form DR1317 for claiming the state tax credit. Form DR 1317 will be completed by Twin Peaks Bible Camp and will be sent by January 31st for contributions made in the prior year.  It will also accompany contribution statements for tax purposes.