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Colorado Childcare Tax Credit Benefit

When you donate to Temple Shalom 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 CCC-Early Childhood Programs at Temple Shalom

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 may be found on the Department of Revenue website under Income 35 Child Care Tax Credit. Upon making a qualified gift, the office will issue DR 1317 paperwork to file with your taxes.

Learn More about Maximizing Your Gift

Please reach out to Elayna Rathmann, Executive Director to guide any giving conversations or next steps. Feel free to contact her by phone at (719) 634-5311 or email at  elayna@templeshalom.com. Temple Shalom operates as a 501c3 non-profit Tax ID#: 84-0613002.

 

*Please consult your tax advisor. Temple Shalom does not give tax or legal advice.

For a printable, signable, and fillable form, click here.

Planned Giving

A Lasting Legacy For Future Generations

You can help to ensure the long term financial stability of Temple Shalom by participating in the Temple Shalom Planned Giving Program. Many members have already left a legacy for Temple Shalom in their wills. We encourage you to consider doing the same. Temple Shalom also offers other ways to donate, which may have favorable tax benefits for you*. For example, you may donate appreciated securities, real estate, or life insurance naming Temple Shalom as the beneficiary.

Donating now to our professionally managed endowment funds will help to solidify the financial base of Temple Shalom for future generations. Remember Temple Shalom in your will, or participate in planned giving.  Either way, you are helping to build for the future of the Colorado Springs Jewish Community.

For further information please contact Robert Grossman, Treasurer or Elayna Rathmann, Executive Director in the office: (719) 634-5311.

*Please consult your tax advisor. Temple Shalom does not give tax or legal advice.

For a printable, signable, and fillable form, click here.

Sat, May 28 2022 27 Iyyar 5782