DR 0104CR: Individual Credit Schedule (2024)
Colorado · Colorado DOR · Used for tax years 2024
Colorado Form DR 0104CR is the 2024 Individual Credit Schedule used to calculate income tax credits. It reports refundable credits, the credit for tax paid to another state, and other credits available and used to offset your tax liability.
Who files this form
Use the 2024 DR 0104CR to calculate the Colorado income tax credits listed on this schedule. It covers refundable credits, the credit for tax paid to another state, and other credits.
Eligibility depends on the credit. The form directs you to Tax.Colorado.gov to research eligibility before completing the schedule.
- Colorado EITC for SSN filers: Full-year or part-year Colorado residents who claim the federal earned income tax credit may claim this credit.
- ITIN filers or certain filers under age 25: The form directs these filers to DR 0104TN for the Colorado EITC.
- Credit for tax paid to another state: Colorado nonresidents do not qualify. Part-year residents generally do not qualify.
What you'll need
Have your name and SSN or ITIN ready. Submit the supporting documents required for each credit you claim.
Credit forms to submit
- Colorado child tax credit: DR 0104CN.
- Child Care Expenses Credit: DR 0347.
- Refundable Renewable Energy Tax Credit: DR 1366.
- Colorado EITC for ITIN filers or certain filers under age 25: DR 0104TN.
- Early Childhood Educator Income Tax Credit: DR 1703.
- Residential Energy Storage Systems Credit, refundable or nonrefundable: DR 1307.
- Refundable CHIPS Zone Credit: DR 1370.
- Child Care Contribution Credit: Each DR 1317.
- Employer contributions to employee 529 plans: DR 0289.
- Employer paid leave for live organ donation: Completed DR 0375.
Other required supporting documents
- Business Personal Property Credit: A copy of the assessor’s statement.
- Credit for tax paid to another state: A copy of each other state’s return showing its adjusted gross income calculation, disallowed federal deductions, and tax calculation.
- Child Care Center Investment and Employer Child Care Facility Investment credits: A copy of the facility license and a list of depreciable tangible personal property.
- Colorado Works Program Credit: A copy of the letter from the county Department of Social/Human Services.
- Long-term Care Insurance Credit: A year-end statement showing premiums paid.
- Remediation of Contaminated Land Credit: A copy of the CDPHE certification and DR 0349.
- Rural Jump-Start Zone Credit: A certificate from the Office of Economic Development and DR 0113.
The form also requires certificates or certifications for employee-ownership conversion, certified greenhouse gas avoidance, School-to-Career Investment, Colorado Job Growth Incentive, Colorado Disability Funding Committee License Fee, Advanced Industry Investment, Affordable Housing, current-year Preservation of Historic Structures, Rural & Frontier Health Care Preceptor, residence visitability retrofitting, Enterprise Zone Contribution, and Homeless Contribution credits.
For credits received from a partnership or S corporation, provide the entity’s name, account number, and your ownership percentage where required. If credits came from multiple entities, submit a written statement with all relevant information.
How to file
- File electronically: Most e-file software and tax preparers can submit this schedule and attachments electronically. You can also use Revenue Online to file your return and attachments.
- File on paper: Include all required supporting documents with your paper return. The schedule does not print a mailing address.
- Special electronic filing requirement: In Part II, the form says you must file electronically if you have income or loss from more than one state. Calculate and report lines 25 through 28 separately for each state, even if you had no tax liability to that state.
Transfer total refundable credits from line 23 to DR 0104, line 28. Transfer nonrefundable credits used from line 63 to DR 0104, line 16.
Common mistakes
- Leaving out attachments: Submit the required supporting documents for every credit you claim.
- Omitting pass-through credit details: Include partnership or S corporation information where required, and a written statement if credits came from multiple entities.
- Using the wrong rounding: Round dollar amounts to the nearest whole dollar. Calculate percentages to four decimal places.
- Using more than 100% for part-year adjustments: For lines 6 and 21, use 100% if the percentage from DR 0104PN, line 34, exceeds 100%.
- Claiming the other-state tax credit as a nonresident: Colorado nonresidents do not qualify. Part-year residents generally do not qualify.
- Mixing up available and used credits: In Part III, column A is the total credit available, including prior-year carryforward. Column B is the amount used this year to offset tax liability. Credit used cannot exceed credit available.
- Adding certificate numbers to credit totals: Exclude lines 50 and 60 when calculating lines 62 and 63.
Questions people ask
How is the 2024 Colorado EITC calculated for SSN filers?
Line 5 is 50% of the federal EITC entered on line 4. Part-year residents then multiply that amount by the percentage on DR 0104PN, line 34, using no more than 100%.
What if I could not claim the federal EITC?
The form directs you to DR 0104TN. Line 9 reports the Colorado EITC from DR 0104TN for ITIN filers or certain filers under age 25, and that form must be submitted with the return.
How much credit can I claim for tax paid to another state?
The allowable credit on line 31 is the smaller of line 29, the Colorado tax amount calculated using the other-state income percentage, or line 30, your tax liability to the other state.
Where can I check credit-specific limits?
The form directs you to Tax.Colorado.gov/Income-Tax-Credits for limits specific to the credits in Part III.