Educational Improvement Tax Credits for Pre-K Scholarship Donations

PA State Overview of Educational Improvement Tax Credit Program (EITC)The Pennsylvania Educational Improvement Tax Credit (EITC) provides a PA state tax credit to businesses that donate to pre-kindergarten (Pre-K) scholarships through United Way of Bucks County.

Donating to local kids through this program may end up costing your business nothing – or even put money back in your pocket.

Once you are approved for the EITC, you are able to make a donation to United Way of Bucks County for Pre-K scholarships, and then be reimbursed by the state through a PA state tax credit.

Tax credits for Pre-K Scholarship Organization donations (PKSO) are as follows:

  • 100% back for the first $10,000
  • 90% back for donations above $10,000, with a maximum donation level of $200,000 annually.
  • Full amount of the contribution is deductible for federal tax purposes as a charitable contribution, subject to charitable contribution rules.

To learn more about how you can help Bucks County kids while receiving a tax credit, download our brochure.

Contact Marissa Christie, CEO, at 267.795.7833 or if you have any questions or would like to get a general sense of how EITC will impact your business.

Important Pennsylvania Educational Improvement Tax Credit Forms and Links: