The Colorado Child Care Contribution Credit (5C) was established to encourage greater private support of Colorado child care programs, like those provide by the HEA Preschool. It is a “contribution” to a childcare facility through the HEA Preschool Development fund.
Because monetary contributions qualify for this credit, you may be able to decrease the after tax cost of your gifts on your Colorado taxes.
In-kind gifts, such as stock or other securities, labor, or equipment, do NOT qualify for the tax credit. Only monetary contributions, including charitable distributions from retirement accounts are eligible.
Please check with your financial advisor.
