27 Mar Childcare Tax Credits still available
It’s tax season! While it’s too late for the McPherson County Community Foundation (MCCF) to assist with your current taxes, it’s never too early to consider how giving now can impact your 2025 taxes next April.
Last October, MCCF announced that, on behalf of Cradle to Crayons in Moundridge, it had received $166,600 in Community Service Program (CSP) tax credits. As of today, only $40,000 remains available. These tax credits will support fundraising efforts for the new building project.
CSP is a popular program for Kansas nonprofits and public healthcare entities undertaking major capital campaigns for projects involving children and family services, non-governmental crime prevention, youth apprenticeship and technical training, and healthcare. Awarded nonprofits are selected through a competitive application process. State tax credits reduce the total amount owed to the state, offering taxpayers a substantial incentive to contribute to Cradle to Crayons.
“We are thrilled for the opportunity to move our dream of a new center closer to reality,” said Casie Wiens, director of Cradle to Crayons.
The Cradle to Crayons building project aims to construct a new childcare facility, expanding its capacity to meet the growing demand for childcare in Moundridge. The tax credits will help fund the portion of the building dedicated to safety.
*Check out a video on the project here*
Businesses and individuals subject to Kansas income tax are eligible to receive a tax credit through this program. Donors contributing at least $250 to Cradle to Crayons may qualify for a 70% or 50% tax credit. For example, a $1,000 donation could yield a $700 or $500 tax credit when filing state taxes, reducing the net cost to the donor to just $300 or $500.
“CSP amplifies the mission of awarded community service organizations and their projects by encouraging donations through the benefit of state tax credits,” said Matt Godinez, assistant secretary of quality places. “When you donate to an awarded CSP project, you support a community initiative and receive a state tax credit to reduce your taxable income.”
For more information on donating to the Cradle to Crayons building project, contact Betsy Davis, director of community services at the McPherson County Community Foundation, at (620) 245-9070.