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March 30, 2025
Solved

Is the Colorado Child Care Charitable Contribution deduction calculating correctly? Instructions say to enter eligible amount (DR1317 L3) and TurboTax with calc the 50%.

  • March 30, 2025
  • 1 reply
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When I enter the eligible amount, my CO refund (top left corner) goes up by the total amount rather than by 50%.
    Best answer by MindyB

    Yes.  The  Form DR 1317 line 3 is already reduced by 50%.  For example, if you contributed $2,000, DR 1317 Line 3 will show $1,000.  Enter $1,000 in TurboTax for "Credit Allowed" and your CO should decrease by the credit of $1,000.

     

     

     

    1 reply

    MindyBAnswer
    March 30, 2025

    Yes.  The  Form DR 1317 line 3 is already reduced by 50%.  For example, if you contributed $2,000, DR 1317 Line 3 will show $1,000.  Enter $1,000 in TurboTax for "Credit Allowed" and your CO should decrease by the credit of $1,000.