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Colorado Child Care Contribution Credit: The Child Care Contribution Credit (CCCC) helps support quality child care programs for low-income families. Any taxpayer (corporate as well as individual) that makes a monetary contribution to promote child care in Colorado may claim an income tax credit of up to 50% of the total value of the contribution when filing your Colorado state taxes. Currently, under IRS regulations, 100% of your contribution may also be claimed as a tax deduction when filing your federal income tax. However, in August 2018, the IRS proposed changes that could impact the amount of your contribution that can claimed as a tax deduction when filing your federal income tax. Please consult a certified tax advisor to determine your specific eligibility.