When we unite to help children acheive their potential, we all win.
When you contribute to the United Way of Larimer County Child Care Fund, you are supporting programs that provide child care services to children 12 years of age or younger. Funds are allocated through the same accountable and equitable volunteer process used to allocate United Way Community Impact Fund dollars. Additionally, your gift may be matched dollar for dollar with federal matching funds benefiting children across Colorado.
Your gift to United Way's Child Care Fund supports the following agencies:
B.A.S.E. Camp
Boys & Girls Club of Larimer County
Family Center
Respite Care, Inc.
United Day Care Center
When you contribute to the United Way of Larimer County Child Care Fund you are eligible to receive the
Colorado Child Care Tax Credit:
In addition to the standard Federal and State income tax deductions, you may be able to deduct an additional 50% of the value of your gift from the bottom line on your Colorado State income taxes when making a charitable donation to eligible agencies.
- Your total contribution must be made to United Way of Larimer County by check or credit card by December 31st to apply for that year's tax return.
- Non-monetary gifts do not qualify.
- Credit cannot exceed $100,000 or tax liability for the year.
- Payroll deductions apply only if the company provides required documentation.
| Your Gift Amount |
$500 |
$1,000 |
$5,000 |
$10,000 |
| Colorado State Income Tax Deduction |
$25 |
$49 |
$243 |
$463 |
| Federal Income Tax Deduction* |
$68 |
$135 |
$680 |
$1,361 |
| Colorado Income Tax Credit* |
$250 |
$500 |
$2,500 |
$5,000 |
| Your Total Tax Savings |
$343 |
$684 |
$3,414 |
$6,824 |
| Child Care Federal Matching Funds** |
$500 |
$1,000 |
$5,000 |
$10,000 |
| Total for Community Child Care** |
$1,000 |
$2,000 |
$10,000 |
$20,000 |
| Your Total After-Tax Investment |
$157 |
$316 |
$1,586 |
$3,176 |
| 30% tax bracket illustration. Situation may vary. Consult your tax advisor. |
| *Federal tax deduction is lowered because of the add-back effect of reduced state tax. |
| **For more information, please refer to www.taxcolorado.com |
For more information please call United Way of Larimer County, 970.407.7000.
