Individuals who meet all of the following criteria can claim a child care expenses tax credit on their Colorado income tax return.
1) The individual is either a full-year resident or part-year resident for the tax year.
2) The individual claims a credit for child care expenses on Form 2441 of their federal income tax return.
3) The individual’s federal adjusted gross income (AGI) is $60,000 or less. Individuals who are not Colorado residents or whose adjusted gross income is greater than $60,000 are not eligible for the child care expenses tax credit.