Form Dr 0347 - Child Care Expenses Tax Credit Page 3
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3*150347==29999*
Taxpayer Name
Account Number
5. Enter the amount from line 9 of IRS form 2441, child and dependent care expenses
5 $
6. Enter your tax from your federal income tax return.
See IRS form 1040 line 47 or 1040A line 30
6 $
Complete Part III if line 6 is greater than $0. Otherwise, skip to Part IV (but only if AGI is less than $25,000)
Part III – Child Care Expenses Credit
Determine your Colorado decimal amount from the amount on line 4 above:
Table A
But not
Enter this on
More than:
line 7 below:
more than:
$0
$25,000
.50
$25,000
$35,000
.30
$35,000
$60,000
.10
7. Enter the decimal amount from Table A above
7 X.
8. Enter the amount from line 11 of IRS form 2441, child and dependent care expenses
8
9. Multiply line 8 by the decimal on line 7
9
Full-year residents should enter the amount from line 9 on Form 104CR line 1.
If you completed Part III and you were a part-year resident, proceed to Part V below.
Part IV – Low-Income Child Care Expenses Credit
10. Low-income calculation only. DO NOT complete this Part IV if line 4 is greater than
$25,000 and if line 6 is greater than $0
10 X .25
11. Multiply line 3 by the decimal on line 10
11
Table B
One qualifying child
$500
Two or more qualifying children $1,000
12. Enter the smaller of line 11 or the appropriate amount from Table B
12
Full-year residents should enter the appropriate amount from line 12 on Form 104CR line 1
Part-year residents skip to Part V below
Part V – Part-Year Resident Limitation
13. Part-year residents ONLY - enter the percentage from Form 104PN line 34
13
%
14. Multiply the amount from line 9 or line 12 by the percentage from line 13.
Enter the result on line 1 of Form 104CR
14 $
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