Form DR0347 Child Care Expenses Tax Credit - Colorado

What Is Form DR0347?

This is a legal form that was released by the Colorado Department of Revenue - a government authority operating within Colorado. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form DR0347?
A: Form DR0347 is the Child Care Expenses Tax Credit form for Colorado.

Q: Who is eligible to claim the Child Care Expenses Tax Credit in Colorado?
A: Parents in Colorado who have incurred child care expenses for a dependent child under the age of 13 may be eligible to claim the Child Care Expenses Tax Credit.

Q: What expenses can be claimed on Form DR0347?
A: Qualifying child care expenses, such as fees paid to a licensed child care provider, can be claimed on Form DR0347.

Q: What is the purpose of the Child Care Expenses Tax Credit in Colorado?
A: The Child Care Expenses Tax Credit in Colorado provides a tax credit to help offset the costs of child care for working families.

Q: How much is the Child Care Expenses Tax Credit in Colorado?
A: The amount of the Child Care Expenses Tax Credit in Colorado varies depending on the taxpayer's income and the amount of child care expenses incurred.

Q: How do I file Form DR0347?
A: Form DR0347 should be filed with your Colorado state tax return. It can be filed electronically or by mail.

Q: What documentation do I need to include with Form DR0347?
A: You will need to include documentation such as receipts or invoices for child care expenses paid.

Q: Are there any limitations or restrictions on claiming the Child Care Expenses Tax Credit in Colorado?
A: Yes, there are income limitations and other restrictions on claiming the Child Care Expenses Tax Credit. Consult the instructions for Form DR0347 for more information.

Q: Is the Child Care Expenses Tax Credit refundable?
A: No, the Child Care Expenses Tax Credit in Colorado is non-refundable. It can only reduce the amount of tax owed or increase the refund amount, if applicable.