Tax Credit Information
El Paso County Enterprise Zone- 25% Tax Credit
Effective September 1st, Partners in Housing is excited to announce that we are now accepting online donations AND cumulative donations for the Enterprise Zone state tax credit program! Previously, a single donation of $250+ made by check was the only way to qualify, but now donors have the option of making multiple donations throughout the year as long as they total $250+ by year-end (minimum of $25 per gift) and have the convenience of donating online! This tax credit was created to encourage Colorado taxpayers to make contributions to non-profits that make
improvements to the Pikes Peak Enterprise Zone – like Partners in Housing!
Important Note: For your donation to be processed efficiently and accurately, you must include specific information with your donation. Please reference the chart below to see what information should be included. Also, for those that give by check, please double-check the Payable to: line of your check. It’s different depending on if you give $250+ in a single donation or if you make cumulative donations.
How to Give and Qualify for the Enterprise Zone Tax Credit:
Donors that make a single donation will receive their tax credit certificate direct from El Paso County about six weeks after the donation is received by Partners in Housing. Donors that make cumulative donations totaling $250+ will receive their tax credit certificate about six weeks after December 31, 2021.
Childcare Tax Credit- 50% Tax Credit
(and no, you don’t need to have children to qualify!)
The most advantageous tax credit we offer is the Childcare Tax Credit which gives donors a 50% credit on their state tax liability! A popular misconception for this tax credit is that a donor needs to have children to qualify. That isn’t true. This tax credit was created to promote giving to nonprofit organizations that provide quality childcare in Colorado and so the state offers a special 50% income tax credit to taxpayers who donate to qualifying programs. Partners in Housing’s Child Enrichment Center is a qualified program and allows our donors to have this tax credit opportunity!
We accept donations for the Childcare Tax Credit by check and online! The chart below shows how to donate by either method.
How to Give and Qualify for the Childcare Tax Credit:
Donors will receive form DR 1317 from Partners in Housing about 1-2 weeks after donating.