What is EITC?
Through the Educational Improvement Tax Credit Program (EITC), PA companies that pay business taxes receive up to a 90% tax credit by donating to low-income youth at WCA.
1: Businesses that make a one-year contribution receive PA tax credits equal to 75% of their contributed amount.
2: Businesses receive a 90% tax credit by making a two-year commitment of equal funding.
3: Businesses can request up to $400,000 in tax credits.
Click here to read the full business guidelines.
How to prepare to apply:
1: Your EIN (Employer Identification Number)
2: Your business mailing address
3: Identify your legislator: here
4: Know what your PA corporate net tax bill will be for the current year.
How does my business apply?
1: Apply online here.
2: Business receives confirmation from the state.
3: The business must make its gift to a qualified scholarship organization (like WCA) within 60 days of receiving their tax credit approval letter.
4: The scholarship organization receipts the gift and the business provides proof of the gift to the DCED within 90 days of receiving the tax credit approval letter.
5: File your business tax returns normally. The DCED informs the PA Department of Revenue and the credits are reserved for your end-of-year tax return.
If you are interested in applying, please contact
Terri Schroder, email@example.com