Is the Colorado Child Care Charitable Contribution deduction calculating correctly? Instructions say to enter eligible amount (DR1317 L3) and TurboTax with calc the 50%.

[Socal Guy]

When I enter the eligible amount, my CO refund (top left corner) goes up by the total amount rather than by 50%.

[MindyB · Accepted solution]

Yes.  The  Form DR 1317 line 3 is already reduced by 50%.  For example, if you contributed $2,000, DR 1317 Line 3 will show $1,000.  Enter $1,000 in TurboTax for "Credit Allowed" and your CO should decrease by the credit of $1,000.