STRETCH YOUR CHARITABLE DOLLARS!
Make your gift to Mt. Carmel Veterans Service Center through the El Paso County Enterprise Zone.
The Colorado Urban and Rural Enterprise Zone Act allows a taxpayer, for income tax credit purposes, to make monetary contributions to Mt. Carmel Veterans Service Center. In addition, if the donation and recipient are eligible under federal tax rules, a federal charitable contribution deduction can be taken.
Receive a TAX CREDIT equal to 25% of your cash donation of $250 or more in addition to regular tax benefits for charitable gifts. Gifts of stock are eligible for a 12.5% tax credit.
|Your Federal Tax Bracket||10%||15%||25%||28%||33%||35%|
|Your Federal Tax Savings||$ 100||$ 150||$ 250||$ 280||$ 330||$ 350|
|Your Colorado Tax Savings (4.7%)||$ 47||$ 47||$ 47||$ 47||$ 47||$ 47|
|Colorado Enterprise Zone Tax Credit||$ 250||$ 250||$ 250||$ 250||$ 250||$ 250|
|Your Total Tax Savings||$ 397||$ 447||$ 547||$ 577||$ 627||$ 647|
|Your Net Cost of Gift||$ 603||$ 553||$ 453||$ 423||$ 373||$ 353|
To make an eligible cash contribution:
- Make your check payable to El Paso County Enterprise Zone in the amount of $250 or more.
- On the memo line write Mt. Carmel Veterans Service Center and the last 4 digits of your Social Security number, or if a business the EIN.
- Complete and follow the instructions outlined on the attached form..
For questions about the El Paso County Enterprise Tax Zone tax credit, please contact Angela Ann Cesario at or 719-575-7057.