Boys & Girls Clubs of Larimer County. Fort Collins - Loveland - Wellington 970-223-1709Great futures start here
Donate

All Club Units will be closed May 29 - June 2 for staff training. See you June 5! 

Child Care Contribution Tax Credit

Important Update on the CO Child Care Contribution Tax Credit

For tax years 2015 through 2019, you will be able to claim 100% of remaining and additional accrued credits. For more information, consult your tax advisor and see the FYI Income 35 document from www.colorado.gov.  

 

The Boys & Girls Clubs of Larimer County (BGCLC) encourages donors to increase their gift and benefit from a 50 percent Colorado Tax Credit. The credit is available to donors who make monetary contributions to the Boys & Girls Clubs of Larimer County.

The Colorado Child Care Contribution Tax Credit was established to encourage greater private support of Colorado child care programs, like those provided by the Boys & Girls Clubs of Larimer County. Because monetary contributions to the Clubs qualify for this tax credit, you may be able to decrease the after-tax cost of your gifts by more than 50 percent.

The effect of the credit is that half of your donation to BGCLC is offset by a reduction of your Colorado income taxes. You will still be able to claim your full contribution as a charitable deduction on your Federal and State income tax returns if you itemize deductions. Examples of the total impact on your taxes are shown in the chart below. As always, you should consult with your tax advisor to determine how the credit will affect you personally.

Tax Saving Examples
(Illustration only; please consult with your tax advisor.)

 Federal Income Tax Bracket

28%

33%

35%

 Contribution  $1,000  $1,000  $1,000
 Colorado Child Care Credit  ($500)  ($500)  ($500)
 Charitable Deduction Colorado Tax Saving  ($46.30)  ($46.30)  ($46.30)
 Charitable Deduction Federal Tax Saving  ($280)  ($330)  ($350)
 Related Federal Tax Effect*  $152.96  $180.28  $191.21
 After Tax Costs of Gift to BGCLC  $326.66  $303.98  $294.91
 Total Tax Saving  $673.34  $696.02  $705.10

*Lower State income taxes mean lower State tax deductions for Federal tax purposes.

Sign up for our e-newsletter

SMTWTFS
123456
78910111213
14151617181920
21222324252627
28293031
05/10/17
05/10/17 4:45 PM
05/15/17
05/15/17 4:45 PM
Wed June 14th, 2017
Mon June 19th, 2017
Sat July 8th, 2017
Wed July 12th, 2017
Mon July 17th, 2017

 

Donate your car to Boys & Girls Clubs of Larimer County


Boys & Girls Clubs of Larimer County
103 Smokey Street
Fort Collins, Colorado 80525
(970) 223-1709

Boys & Girls Clubs of Larimer County - Building incredible kits

All Club Units will be closed May 29 - June 2 for staff training. See you June 5! 

Sign up for our e-newsletter

SMTWTFS
123456
78910111213
14151617181920
21222324252627
28293031
05/10/17
05/10/17 4:45 PM
05/15/17
05/15/17 4:45 PM
Wed June 14th, 2017
Mon June 19th, 2017
Sat July 8th, 2017
Wed July 12th, 2017
Mon July 17th, 2017

 

Donate your car to Boys & Girls Clubs of Larimer County


Boys & Girls Clubs of Larimer County
103 Smokey Street
Fort Collins, Colorado 80525
(970) 223-1709


Boys & Girls Club of Larimer County offers four different locations for your after school child care needs with fun after school programs. We have clubhouses in Fort Collins, Loveland, and Wellington Colorado.