Tax Credit Benefits

Colorado Childcare Tax Credit Benefit

When you make a donation to The Colorado Springs School through the Colorado Childcare Contribution Credit, the state of Colorado allows you to take a 50% tax credit on your state income taxes in addition to the regular state and federal deductions for charitable giving. You may be eligible for the tax benefit whether you itemize or take the standard deduction.

Childcare Tax Credit
Childcare Tax Credit

Eligibility Rules

  • Donations cannot exceed $100,000 per taxpayer per year
  • Donations cannot exceed the tax liability per year
  • The credit has been renewed to 2022; availability subject to legislative action
  • Stock transfers and in-kind donations are not eligible
  • Gift must be designated to the Early Childhood Programs at CSS

Consult Your Tax Accountant
Please consult your accountant or tax attorney to solidify your gift and confirm the effects of this credit on your individual finances. More information be be found on the Department of Revenue website under Income 35 Child Care Tax Credit. Upon making a qualified gift, the Development Office will issue DR 1317 paperwork to file with your taxes.

Learn More about Maximizing Your Gift

The Director of Development & Alumni Relations Jessica James as well as Board Treasurer Jon Marple, CPA, co-hosted a webinar on the benefits of tax credits and additional ways to maximize your giving, regardless of the level, through June 30, 2022. View the video here to learn more about the impact of your giving on the student experience at The Colorado Springs School, benefits of the Colorado Childcare Tax Credit (a 50% tax credit), opportunities for qualified charitable distributions from I.R.A.s for those 70 1/2 years of age and older, and more.


Please reach out to Jessica L. James in the Development Office to guide any giving conversations or next steps. Feel free to contact her by email at jjames@css.org or by phone at (719) 434-3506. The Colorado Springs School operates as a 501c3 non-profit. Tax ID#: 84-0517369.