Education Improvement Tax Credit (EITC) Program
Pennsylvania’s Education Improvement Tax Credit (EITC) program allows PA-based businesses and individuals to earn tax credits in exchange for charitable giving to Our Lady of Victory Catholic School (OLVCS). Donations to OLVCS through the EITC program are used for need-based scholarships supporting Pre-K to 8th grade students.
In this way, businesses that pay corporate net income tax and individuals that pay PA personal income tax can support Our Lady of Victory Catholic School students in Pre-K through 8th grade, at no additional cost!
How Does It Work?
Specifically, with proof of a donation during a taxable year, businesses/individuals enrolled in the program may earn PA tax credits equal to 75% of a business/individual's total charitable contribution to OLVCS. Further, tax credits equal to up to 90% of the charitable contribution are available to those committed to contribute the same amount for two consecutive years.
There are income requirements to be in the program. Generally, if you pay at least $3500 in personal income tax (either individual or joint) or have a business that pays PA corporate net income tax, you/your business may be eligible for this program.
Annual EITC tax credits availability are limited. Individuals and businesses must enroll in the program each year to be eligible for tax credits. Credits are made available on a first-come, first-served basis.
How to Apply?
Businesses and individuals may submit applications starting July 1st to earn credits that benefit OLVCS students for the following school year. For more information or to begin the application process, contact:
Chris Kirkpatrick, Director of Development
Our Lady of Victory Catholic School and Church