BUSINESS TAXPAYERS CAN PARTICIPATE IN THIS PROGRAM AND RECEIVE A 90% TAX CREDIT
By participating in the Commonwealth of Pennsylvania’s Educational Improvement Tax Credit (EITC) program, businesses and individuals will not only know where their tax dollars are going, they will also decide how they are being spent, all while supporting Jewish education in our community.
Businesses that pay taxes to the Commonwealth complete a simple online application to participate in the Educational Tax Credit Programs.
Upon approval, the taxpayer can receive a credit for between 75% – 90% of their Pennsylvania state tax liability (taxes owed).
1 year commitment, at a 75% tax credit
2 year commitment, at a 90% tax credit each year is preferred
There is no minimum Pennsylvania annual tax liability or tax credit required of a business participant.
The deadline is July 1, 2020 as a new participant – also if your business is returning from a hiatus in participation. If submission is made just one day earlier, the application will be denied as the state will read it as applying for the previous year and those funds have already been spoken for.
For more information, please call Karen Krebs-Wellerstein, Director of Development, at 215-969-5960 x 160 or e-mail [email protected]
The Foundation for Jewish Day Schools, created by the Jewish Federation of Greater Philadelphia in partnership with the regional Jewish day schools, is an IRS-recognized 501(c)(3) non-profit organization, whose mission is to provide needs-based school scholarships.