We are grateful for the support we receive from our community, and we ask that you consider us in your giving plans for the year. Every donation—no matter how large or small—gets put to good use by enhancing the school’s ability to offer scholarships, defraying the school’s operating costs—such as teachers’ salaries, supplies, and facility maintenance—and extending our unique educational experiences to more children in the community.
Colorado Childcare Tax Credit Benefit
When you make a donation to Ruth Washburn, 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. We will provide you with the correct form for your taxes for this purpose. You may be eligible for the tax benefit whether you itemize or take the standard deduction.
- Donations cannot exceed $100,000 per taxpayer year
- Donations cannot exceed 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
Consult Your 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 found on the Department of Revenue website under Income 35 Child Care Tax Credit.