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 marissac@uwbucks.org. 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:
