EITC

For corporations or businesses authorizes to do business in Pennsylvania, they may contribute under the Pennsylvania Educational Tax Credit Program (EITC). Contributions of any amount up to a maximum of $300,000 per taxable year can earn tax credits equal to 75% - 90% of the amount donated. The EITC tax credits can be used against corporate net income tax, capital stock franchise tax (and other specific corporate taxes) or personal income tax of sub-S corporation shareholders or Partnership partners. Contributions made in this manner supports BLOCS Scholarships (Business Leaders Organized for Catholic Schools). To learn more about EITC and BLOCS, click here.