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 via The Colorado Office of Economic Development). 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 2019 tax credits, Denver Kids must have the donor’s FEIN, Social Security number, or Colorado Account Number no later than January 6, 2019.**

Should you have any questions about the Enterprise Zone Tax Credit program, please contact Kelsey Grayson at 720.423.1745 or kelsey_grayson@dpsk12.org.

 

NOTE: Denver Kids and The Colorado Office of Economic Development do not provide guidance on federal law or taxes. Taxpayers are advised to seek tax or legal guidance.

Per The Colorado Office of Economic Development, EZ Contributions follow Federal Charitable Contribution rules. To learn more, see IRS Publication 526. See the “Recent Developments” section for information on the treatment of state tax credits for charitable contributions.