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Colorado Free Printable DR 0347 2023 Child Care Expenses Tax Credit for 2024 Colorado Child Care Expenses Tax Credit

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Child Care Expenses Tax Credit
DR 0347 2023 Child Care Expenses Tax Credit

*DO=NOT=SEND* DR 0347 (11/02/23) COLORADO DEPARTMENT OF REVENUE Denver CO 80261-0005 Tax.Colorado.gov Child Care Expenses Credit Instructions Use this form to determine if you can claim the Colorado Child Care Expenses credit or Low-Income Child Care Expenses tax credit. You may be able to claim the credit if you pay someone to care for your dependent who is under age 13. For information about any federal form or publication listed below, please visit IRS.gov Eligibility To be able to claim the Colorado credit for child care expenses, you must file federal form 1040, 1040SR, 1040SP, or 1040NR and you (and/or your spouse) must have been a part or full-year resident of Colorado. Colorado non-resident filers may not claim this credit. If you were not required to file a federal income tax return, you may still be eligible for the Low Income Child Care Expenses credit. However, you may need to complete a pro-forma federal income tax return in order to complete the required calculations. To claim the credit, you must meet all of the following tests: 1. The care must be for one or more qualifying persons. 2. You (and your spouse if filing jointly) must have earned income during the year. 3. You must pay child care expenses so you (and your spouse if filing jointly) can work or look for work. Qualifying expenses are defined under Section 21 of the Internal Revenue Code. 4. You must make payments for child and dependent care expenses to someone you (and your spouse) cannot claim as a dependent. If you make payments to your child, he or she cannot be your dependent and must be age 19 or older by the end of the year. You cannot make payments to: a. Your spouse, or b. The parent of your qualifying person if your qualifying person is your child and under the age of 13. 5. You cannot claim this credit if your federal filing status is Married Filing Separate. 6. You must identify the care provider on this form. It is recommended that you fully review IRS Publication 503 for eligibility tests and the definition of qualifying income and children. All of the information in this form is required and your credit may be denied if it is incomplete. Part I – Person or Organization Who Provided the Care Use this section to list the name, address and Social Security or Federal Employer ID number of the child care provider(s) you used. If you are unable to provide the Social Security or Federal Employer ID number of the child care provider, you must show that you attempted to obtain the required information by including such proof with this form. List the total amount paid for the full year of child care, paid to each provider. If you have more than two care providers or if the provider is non-profit, please file your return electronically. Part II – Qualifying Child Information For lines 2a – 2d, list each qualifying child, their year of birth and their Social Security number. You must also list the amount of child care expenses for each specific child. Complete lines 2e through 4 as instructed on the form. If the amount on line 4 is greater than $60,000 do not continue because you do not qualify for this credit. If line 4 is $60,000 or less, enter the amount from line 9a of federal form 2441, Child and Dependent Care Expenses, on line 5 of this form DR 0347. For line 6 enter your tax from your federal income tax form 1040, 1040SR, 1040SP, or 1040NR line 18. If you claimed a Federal Child and Dependent Care Expenses Credit, continue to Part III. Otherwise, if you could not not claim a Federal Child and Dependent Care Expenses Credit and your adjusted gross income is $25,000 or less, skip to Part IV. If you have more than four qualifying children, please file your return electronically. Part III – Child Care Expenses Credit For line 8 enter the amount from line 11 of federal form 2441. For line 9 multiply line 8 by the decimal on line 7. Full–year residents, enter the amount from line 9 on form DR 0104CR line 2. Part-year residents continue to Part V. Part IV – Low-Income Child Care Expenses If you were not required to file a federal income tax return or were unable to claim the Federal Child and Dependent Care Expenses Credit and the amount of line 4 is $25,000 or less, use Table A to calculate the credit. Otherwise, go back to Part III to calculate your credit. For line 11 multiply line 3 by the decimal on line 10. For line 12 enter the smaller amount of line 11 or the appropriate amount from Table A. Full–year residents, enter the amount from line 12 on form DR 0104CR line 2. Part-year residents continue to Part V. Part V – Part Year Resident Limitation Complete this part only if you were a part-year resident of Colorado in 2023. For line 13, enter the percentage from DR 0104PN line 34. For line 14 multiply the amount from line 9 or line 12 by the percentage from line 13. Enter this amount on line 2 of DR 0104CR. *230347==19999* DR 0347 (11/02/23) COLORADO DEPARTMENT OF REVENUE Denver CO 80261-0005 Tax.Colorado.gov Page 1 of 2 2023 Child Care Expenses Tax Credit For Tax Year You MUST submit this form with your complete Colorado Individual Income Tax Return, including forms DR 0104 and DR 0104CR. You must also submit a copy of your federal income tax return and IRS form 2441 with your Colorado return. Thoroughly read the instructions to be certain you are eligible for this credit. Be sure to complete all required information. Failure to do so may result in a denied credit or delayed refund. Taxpayer Name SSN or ITIN Part I – P  ersons or Organizations Who Provided the Care – You must complete this part. If you have more than two care providers or if the provider is non-profit, see the instructions. 1(a). Care Provider’s First Name or Business Name Last Name (b) SSN, ITIN or FEIN Middle Initial (c) Address City (e) Care Provider’s First Name or Business Name (g) Address State (d) Amount Paid ZIP $ Last Name City State Middle Initial (f) SSN, ITIN or FEIN ZIP (h) Amount Paid $ Part II – Q  ualifying Child Information – You must complete this part. If you have more than four qualifying children, see the instructions. 2(a). Child’s First Name Last Name Middle Initial Year of Birth SSN or ITIN 2(b). Child’s First Name Qualified expenses you paid in 2023 for the person listed in 2(a) Last Name $ Middle Initial Year of Birth SSN or ITIN Qualified expenses you paid in 2023 for the person listed in 2(b) $ DR 0347 (11/02/23) COLORADO DEPARTMENT OF REVENUE Denver CO 80261-0005 Page 2 of 2 *230347==29999* Taxpayer Name SSN or ITIN 2(c). Child’s First Name Last Name Middle Initial Year of Birth SSN or ITIN 2(d). Child’s First Name Qualified expenses you paid in 2023 for the person listed in 2(c) $ Last Name Middle Initial Year of Birth SSN or ITIN Qualified expenses you paid in 2023 for the person listed in 2(d) $ 2(e). Enter the sum of all qualified child care expenses $ 2(f).Enter your earned income $ 2(g). If filing a joint return, enter the earned income of the other person $ 3. Enter the smallest of line 2(e), 2(f) [or 2(g) only if filing a joint return] 3 $ 4. Enter your adjusted gross income from your federal income tax form 1040, 1040-SR, 1040-SP, or 1040-NR 4 $ If the amount of line 4 is greater than $60,000 STOP – you do not qualify for this credit. 5. Enter the amount from line 9a of federal form 2441, child and dependent care expenses. If you did not complete federal form 2441, enter $0. 5 $ 6. Enter your tax from your federal income tax form 1040, 1040-SR, 1040-SP, or 1040-NR line 18 6 $ If you claimed a credit on federal form 2441, continue to Part III. Otherwise, go to Part IV. Part III – Child Care Expenses Credit – Complete this part if line 6 is greater than $0 AND line 4 is $60,000 or less 7. Allowable percentage of federal credit. 8. Enter the amount from line 11 of federal Form 2441, child and dependent care expenses 9. M  ultiply line 8 by the decimal on line 7. Full-year residents, enter this amount on DR0104CR line 2, Part-year residents, continue to Part V. 7 0.50 8 9 Part IV – Low-Income Child Care Expenses Credit – Complete this part if line 6 is $0 AND line 4 is $25,000 or less. 10. Allowable percentage of low-income child care expenses. 10 11. Multiply line 3 by the decimal on line 10 11 Table A 0 .25 One qualifying child............................... $500 Two or more qualifying children �����������$1,000 12. Enter the smaller of line 11 or the appropriate amount from Table A. Full-year residents, enter this amount on DR 0104CR line 2, Part-year residents, continue to Part V. 12 Part V – Part-Year Resident Limitation 13. Part-year residents ONLY – Enter the percentage from DR 0104PN line 34. If the percentage exceeds 100%, enter 100%. 14. Multiply the amount from line 9 or line 12 by the percentage from line 13. Enter the result on line 2 of DR 0104CR. 13 14 $ %
Extracted from PDF file 2023-colorado-form-dr-0347.pdf, last modified October 2021

More about the Colorado Form DR 0347 Individual Income Tax Tax Credit TY 2023

Use this form to determine if you can claim the Colorado Child Care Expenses tax credit. You may be able to claim the credit if you pay someone to care for your dependent who is under age 13. For information about any federal form or publication listed below, please visit IRS.gov

We last updated the Child Care Expenses Tax Credit in February 2024, so this is the latest version of Form DR 0347, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form DR 0347 directly from TaxFormFinder. You can print other Colorado tax forms here.


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Other Colorado Individual Income Tax Forms:

TaxFormFinder has an additional 64 Colorado income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 104 Colorado Income Tax Return
Form 104EP Individual Estimated Income Tax Payment Form
Form 104CR Tax Credits for Individuals
Form DR 1079 Real Property Interest - Payment of Withholding
Form 104PN Part-Year/Nonresident Computation Form

Download all CO tax forms View all 65 Colorado Income Tax Forms


Form Sources:

Colorado usually releases forms for the current tax year between January and April. We last updated Colorado Form DR 0347 from the Department of Revenue in February 2024.

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Form DR 0347 is a Colorado Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Colorado Form DR 0347

We have a total of ten past-year versions of Form DR 0347 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form DR 0347

DR 0347 2023 Child Care Expenses Tax Credit

2022 Form DR 0347

DR 0347 2022 Child Care Expenses Tax Credit

2021 Form DR 0347

2021 Child Care Expenses Tax Credit, DR 0347


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