Sharing your time, treasure, and talent is a reward in and of itself. But tax credits offer additional benefits for your generosity. For more information on these credits, call 719-866-6422 or consult your tax adviser.
This 25% state tax credit is a part of the community-wide effort to uplift economically distressed areas in El Paso County. Contributions of $250 or more to businesses that make improvements to this area qualify for this tax credit. This includes donations to Marian House programs – Soup Kitchen, Family Day Center, Family Mentor Alliance, Client Services, and Community Outreach. In a number of ways, these programs provide support for struggling individuals and families to help them reach a level of self-sufficiency.
To utilize this special credit, checks must be made payable to the “El Paso County Enterprise Zone” noting “Marian House” on the memo line. Checks are mailed to Catholic Charities, 228 N. Cascade Avenue, Colorado Springs, CO 80903. Credit cards are not accepted for this tax credit. A Colorado Taxpayer ID or Social Security number must be included if this number has not been provided to us in the past.
The Child Care Contribution State Income Tax Credit was created to promote child care in Colorado. Your donation to Life Connections adoption/child placement program qualifies for this 50% credit. Life Connections provides adoption services, counseling, early literacy programs and many more opportunities for children in our community.