Educational Improvement Tax Credit

The State of Pennsylvania has enacted the Educational Improvement Tax Credit program. Corporations can contribute up to $200,000 per year to a qualifying foundation in Pennsylvania. These foundations are then permitted to make grants to West-Mont Christian Academy. The donating corporation then receives a direct tax credit (not just a deduction) for up to 90% of the donated amount. Once the federal deductibility of the donation is applied, the corporation may gain another 8 to 9% return. The net cost to the corporation may then be as little as 1 to 2% of the amount donated. Contact your accountant to evaluate how the EITC Program would affect your tax liability.

For specific information about this exciting program, contact Dr. James Smock / WCA Administrator. 610-326-7690

PA State Tax Credits 

This page last modified on Thursday, January 06, 2011