The Boys & Girls Clubs of Larimer County (BGCLC) encourages donors to increase their gift and benefit from a 50 percent Colorado Tax Credit. The credit is available to donors who make monetary contributions to the Boys & Girls Clubs of Larimer County.
The Colorado Child Care Contribution Tax Credit was established to encourage greater private support of Colorado child care programs, like those provided by the Boys & Girls Clubs of Larimer County. Because monetary contributions to the Clubs qualify for this tax credit, you may be able to decrease the after-tax cost of your gifts by more than 50 percent.
The effect of the credit is that half of your donation to BGCLC is offset by a reduction of the same amount on your Colorado income taxes. You will still be able to claim your full contribution as a charitable deduction on your Federal and State income tax returns if you itemize deductions. Examples of the total impact on your taxes are shown in the chart below. As always, you should consult with your tax advisor to determine how the credit will affect you personally.