What the Colorado Child Care Tax Credit Means for your contribution to the BSA

If you make a Gift of $3000.00

And you are in a 28% Federal and a 4.63% State Tax Brackets

You will have the following savings

Colorado State Itemized Deduction: $139.00

Colorado Income Tax Credit of $1500.00

Federal Income Itemized Deduction of $840.00

After tax cost of your $3,000 gift will be $521.00

To see more download this!  Child Care Tax Credit

And consult your Tax Advisor

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