In 2001, the Commonwealth of Pennsylvania established the Educational Improvement Tax Credit Act (EITC). This program allows YOU (individuals, and businesses) to donate the same amount that you pay in state income taxes to the Christian school of your choice, and the state government will return 90% of your donation through either a tax credit or refund.
It’s simple. Complete a one-page ‘Joinder’ form contribute a minimum of $500 upfront, and send both the form and your check to the school of your choice. The school will then send the documents to the Scholarship Organization (SPE). After processing, you’ll receive a PA K-1 form, which you can use during the next tax season to receive a 90% refund of your upfront contribution.
For example, when you contribute a minimum of $500, the donation goes directly to student tuition. The EITC program grants you a $450 tax credit, resulting in a $50 out-of-pocket expense. For $50, you made a $500 gift to help a child! Here’s the best part, a student will now receive a quality Christian education at little cost to their Family.
It sounds too good to be true – an actual government benefit with no strings attached. The truth is, the EITC program is a simple, unique, and effective way to create meaningful change with little impact on your finances. In actuality, it’s pennies on the dollar.
Through this program, you’re simply directing a portion of the taxes
you’ve already paid, to the students, thereby investing in a brighter future for our youth.
It is important that you review your last year’s state taxes and discuss them with your Tax Preparer or CPA to determine what your state taxes will be. This step will help you identify the exact amount you genuinely want to donate.
If you decide to exceed that amount, the remainder of your tax credit can be added to your itemized federal income tax deduction. Now, you have the power to make a difference, and together, we can help reshape the landscape of education today.
The Educational Improvement Tax Credit (EITC program provide donors with a tax credit for their donations to nonprofit Scholarship. A scholarship donation for through 12 students can earn a 90% tax credit for a one-year commitment. A one-time donation for Pre-K students can result in a 100% tax credit.
Any individual or any corporation who pays PA income tax is eligible. The minimum donation to join is $500.
Theres is no limit to the amount a donor can contribute to the EITC program.
Follow these simple steps:
Yes. A donor that receives a state tax credit through the EITC program may still take a charitable deduction for their gift on both their federal and state tax returns as allowed by law. This is in addition to the EITC tax
credits they will receive against their state tax liability. Please consult your tax advisor on specifics.
These programs allow a donor to direct where a portion of their tax dollars are spent. These are dollars that you would already be paying to the state of Pennsylvania. It also allows the donor to support the schools and local Community.
Your donation plays a vital role in allowing all students the opportunity to attend a Chistian school regardless of race, religion, or ability to pay. The school then designates which qualified students are provided assistance.
Approximately 6.5 cents on the dollar, or $65 for a $1000 donation.
Any new donor can apply for tax credits starting January 1 for the current year.
You cannot designate your donation to a specific student. You do, however, have the option to designate the money to a specific school. Each school have the ability to designate funding to qualified students.
Blue Mountain Academy, 2363 Mountain Rd, Hamburg, PA. 19526 bma.us
Blue Mountain Seventh-day Adventist Elementary, 45 Woodland Terr, Hamburg, PA. 19526 mybme.org
Harrisburg Adventist School, 424 N Progress Av, Harrisburg, PA. 17109 haschool.org
Huntingdon Valley Christian Academy, 1845 Byberry Rd, Huntingdon Valley, PA. 19006 myhvca.org
Mountain View Christian School, 470 East Southern Ave., South Williamsport, PA. 17702 mvchristianschool.com
Pocono Adventist Christian School, 1993 W Main St, Stroudsburg, PA. 18360 pacs-sda.org
Reading Junior Academy, 309 N Kenhorst Blvd, Reading, PA. 19607 rjaschool.net
Whitehall Christian School, 359 Mechanicsville Rd., Whitehall, PA. 18052 whitehallchristianschool.com
Wyoming Valley SDA Elementary School, 476 3rd St., Mountain Top, PA. 18707 www.wvsdae.com
York Adventist Christian School, 2220 Roosevelt Ave., York, PA. 17408 yorkpa.adventistschoolconnect.org