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“Would you rather give your money to the state in taxes or to Families First?

It’s easy to make the choice to help children.”

Sally Newcomb, Families First Governing Board President.

The State of Colorado encourages its citizens to give generously to chold care facilities providing care to children twelve years of age or younger. Your gift to Families First qualifies for a 50% state income tax credit through the Colorado Child Care Contribution Credit (CCCC).

Here’s an example: You give $1000 to Families First. Then yu deduct $500 from your state income taxes! You can claim the full $1000 charitable deduction on both your state and federal taxes. Taxpayers in a 25% Tax Bracket save an additional $160 for a total tax savings of $660. The actual after-tax cost of a $1000 donation is just $340.

  • Individual tax situations vary. Consult your tax advisor. You’ll like what you hear!

  • Both individuals and corporate donors can benefit from this tax credit program.

  • Your don’t have to itemize to take advantage of this credit.

  • Note “CCCC”on your check or online donation to Families First.

  • We will prepare the forms you are required to submit with your taxes to claim this credit!

  • For more information: revenue.co.us/income35. Or Contact Alice at 303-745-0327 or Email Alice
Colorado Child Care Contribution Credit
Gift Amount
$1000
Actual After-Tax Cost
$340
25% tax bracket for example only
50%Colorado
State Income Tax
Credit		 $500
Colorado State
Income Tax
Deduction		 $46
Federal Income
Tax Deduction		 $114
Tatal Tax Savings $660