• Education Improvement Tax Credit (EITC) Program


    General Information

    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 (see below)

    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.


    Who Can Participate?

    • Individuals/households with an annual income of $115,000 or more or a PA personal income tax liability of $3,500+ annually can qualify for this program. 
      • Hint: Check out line 12 on your PA Income Tax Return to confirm your PA Tax Liability amount.

    • For individuals or couples (married filing jointly), one must work for a business, own a business or own stock in a company that does business in the state of Pennsylvania. Individuals may live outside of PA and still participate if they own such stock. You must have PA State Tax Liability.

    • Retirees may own a small business (receive an annual K-1 form) or work for a business (receive and annual W-2 form) or own stock in a company that does business in the state of PA. Some retirees qualify due to side jobs or residual ownership of businesses and some do not. We can work with you to confirm qualification status. Retirees may live outside of PA and still participate if they own stock in a company that does business in the state of Pennsylvania. You must have PA State Tax Liability.

    • C-Corporations and owners of Subchapter S-Corporations, LLCs, LPs, LLPs and Partnerships are all businesses that qualify.

     

    How to Apply?

    Businesses and individuals must submit a short application to earn credits that benefit OLVCS students for the following school year. For more information, learn about deadline dates or to begin the application process, contact:

    Chris Kirkpatrick, Director of Development
    Our Lady of Victory Catholic School and Church
    (814) 237-7832
    chrisk@ourladyofvictory.com