CT-YDOC: Youth Development Organization Contribution Tax Credit (2024)
Connecticut · Connecticut DRS · Used for tax years 2024
Form CT-YDOC is used to claim Connecticut’s Youth Development Organization Contribution Tax Credit against Corporation Business Tax or Income Tax. It reports the credit amount listed on the tax credit certification letter issued by the Office of Policy and Management (OPM).
Who files this form
Use Form CT-YDOC to claim Connecticut’s Youth Development Organization Contribution tax credit against the Corporation Business Tax or Income Tax.
You may not claim the credit until the Office of Policy and Management (OPM) issues a tax credit certification letter stating the available credit amount.
What you'll need
Have the following ready:
- Your OPM tax credit certification letter, which lists the credit amount to enter.
- The corporation name, Connecticut Tax Registration Number, and income year beginning and ending dates requested on the form.
- Form CT-1120K, Business Tax Credit Summary, if you are applying the credit against the Corporation Business Tax.
How to file
Enter the credit amount listed on your OPM tax credit certification letter on line 1 of Form CT-YDOC.
If applying the credit against the Corporation Business Tax, also enter the amount on Form CT-1120K, Part I-B, Column A, and attach Form CT-YDOC to Form CT-1120K.
The form does not provide a mailing address or e-filing instructions.
Common mistakes
- Using the wrong year’s form. Each form is year specific, and the correct year’s form must be used. This version is for 2024.
- Claiming the credit before OPM certification. You must wait until OPM issues a tax credit certification letter stating the available credit amount.
- Claiming the credit for a different year. The credit must be claimed for the income or taxable year in which the contribution was made.
Questions people ask
How much is the credit?
The credit equals 50% of the cash contribution made during the income or taxable year. It cannot exceed $100,000 against the Corporation Business Tax or $20,000 against the Income Tax.
What qualifies as a youth development organization?
It must be a nonprofit exempt from tax under Internal Revenue Code Section 501(c)(3) that provides evidence-supported interventions to high-risk youth to improve school and family engagement. It must also offer skills development, transitional employment, job placement, and support to help young adults become employed and self-sufficient.
Which year do I claim the credit for?
Claim it for the income or taxable year in which you made the contribution.
Where can I find more information?
The form directs taxpayers to the Guide to Connecticut Business Tax Credits on the Department of Revenue Services website at portal.ct.gov/DRS.