Eligible Taxpayer Contributors
Any Colorado taxpayer can support a Homeless Contribution Income Tax Credit project located anywhere in the State of Colorado. A taxpayer is an individual resident or an eligible domestic or foreign corporation, a partnership, S corporation, or other similar pass-through entity, and a partner, member, and subchapter S shareholder of such a pass-through entity.
The taxpayer cannot directly benefit from the contribution. Cash contributions must be a minimum of $100. The total value of tax credits allowed per taxpayer per year may not exceed $100,000.
Taxpayers that make a qualifying monetary contribution to promote child care in Colorado may claim an income tax credit equal to 25% of the total qualifying contribution to a non-rural project and equal to 30% of the total qualifying contribution to a rural project, subject to certain limitations. Taxpayers are encouraged to consult their tax advisors for guidance regarding specific situations.
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Qualifying Contributions
Contributions must be made to a qualifying project and certified by the recipient. Other qualifications are included in the HCTC Taxpayer Handbook.
Claiming the Credit
Taxpayers must submit their HCTC tax credit certificate(s) by filing online using the E-Filer Attachment function with the Colorado Department of Revenue.
Please contact the organization you donated to in order to receive your HCTC certificate.