25% State Tax Credit

Did you know?

The state of Colorado allows you to take a 25% tax credit on your state income taxes when you make a donation to the Marian House Soup Kitchen, Marian House Client Services, Marian House Community Outreach, or to the Capital Campaign for The New Marian House (campaign pledges are still being made)

All donations to Catholic Charities are tax-deductible, but these particular programs qualify for added benefits to the donor on their Colorado state income taxes.

Note: situations vary; please consult your tax advisor.

Example using 28% tax rate

Contribution	$1,000
State Tax Credit (Enterprise Zone)	($250)
Federal Tax Deduction	($267)
State Tax Deduction	($46)
After Tax Investment	$437

How to Donate

Donations of $500 or more to three Marian House Programs (Soup Kitchen, Community Outreach, Client Services) qualify for the El Paso County Enterprise Zone 25% state income tax credit.  In-kind and stock donations valued at $500 or more qualify for a 12.% state income tax credit (please call 719-866-6440 for instructions).  If you wish to take advantage of this tax credit, please follow the directions below.

 

• Make your check payable to El Paso County Enterprise Zone. Credit cards are not accepted for this tax credit.
• Reference the Marian House program name on the memo line of your check
• Include either your social security number, or your Colorado Account Number with your donation (this is a new state requirement, please see below)
• Mail your check to: Catholic Charities, 228 N Cascade Ave, Colorado Springs, CO 80903 (credit cards are not accepted for this tax credit)

IMPORTANT – NEW STATE MANDATES:

The State of Colorado is now requiring that anyone wishing to take advantage of the 25% El Paso County Enterprise Zone state income tax credit must do the following beginning with donations made during calendar year 2012:

1)      You must provide us with either your: FEIN, social security or *Colorado Account Number (please refer to the easy step-by-step instructions below).

2)      You must file state taxes electronically beginning with state taxes incurred during calendar 2012.

Please note: we are not allowed to process your donation without your social security number or your Colorado account number. 

STEPS TO REQUEST YOUR *Colorado Account Number:

This process only takes a few minutes

1)  Visit www.colorado.gov/revenueonline/#1 or call us at 719-866-6440 to do this for you.

2)  Click on the box “Individual”

3)  Click on the box “Request Letter ID”

4)  In the “Account Type” drop down box – click “Individual Income Tax”

5)  In the “ID Type” drop down box – click “Social Security Number”.  Please use the “Primary” tax payer’s social security number.

6)  Fill in the required personal information “social security number, first name, last name”.

7)  Click on the box “Submit” in the left hand column.

 You will receive a letter from the state within several weeks that lists your Colorado Account Number in the upper right hand corner (this number does NOT contain any letters).

9)  Provide Catholic Charities with your Colorado Account Number when mailing in your check.

10) El Paso County will provide you with a DR0075 tax credit form to be filed with your state income tax return.

 

For questions or more information, please call 719-866-6440.

 

 

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