Colorado Child Care Tax Credit

The Colorado Child Care Tax Credit (CCTC) encourages taxpayers—individuals, small businesses, and corporations—to make a cash donation to a qualified child care provider. The CCTC was established by the State of Colorado in 1999 to promote private support of early childhood education. Unfortunately, it was suspended from 2011 to 2014. Effective January 1, 2015, the tax credit was fully restored.

Why did Colorado do this? Lawmakers know that every $1 invested in early childhood programs returns more than $8 in benefits to society. Taxpayers and government working together can provide a leveraged benefit to early childhood development resulting in:

Increased academic performance and achievement

Increased likelihood of completing high school and of attaining a higher degree/certification

Make a donation by check to Global Village International Preschool and write CCTC in the memo line. GVI will send you the Child Care Contribution Tax Credit Certification (DR 1317) certifying your child care contribution. Also consider asking your employer to make a donation. All donations for 2018 must be dated by December 31, 2018 to qualify for the taxable year 2018.