Enterprise Zone Tax Credit


Denver Kids is included in the Enterprise Zone Tax Credit program. This means that the State of Colorado allows you to take up to a 25% tax credit on your state income taxes when you make a donation to Denver Kids, Inc. of $250 or more via cash, check, or credit card, and a 12.5% tax credit on donations of $500 or more via stock or in-kind.

EXAMPLE: If you donate $1,000 and receive a 25% tax credit, then your out of pocket donation is $750 while Denver Kids receives $1,000.

  • Taxpayers claiming the Enterprise Zone tax credit must file their tax returns electronically.
  • The Colorado Department of Revenue will use the taxpayer identification number provided on their tax return to verify the tax credit claimed on the DR0075 form (provided by Denver Kids). This means that these two numbers must match in order for the tax credit to be claimed.
  • Taxpayers can use their Colorado Account Number in place of their social security number on the DR0075, if preferred.

** For donations to qualify for 2017 tax credits, Denver Kids must have the donor’s FEIN, Social Security number, or Colorado Account Number no later than January 1, 2018.**

Should you have any questions about the Enterprise Zone Tax Credit program, please contact Christine Fiedler at 720.423.2308 or christne_fiedler@dpsk12.org.

 

 Enterprise Zone Tax Credit Fact Sheet