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EITC PA Tax Credit Program

Redirect your tax dollars to WFCS instead of to the state of Pennsylvania!

It’s true!  EITC allows you to take the money you already pay to the state each year and instead redirect it to WFCS.

What is EITC?

The Pennsylvania Educational Improvement Tax Credit program allows both businesses and individuals to make donations to WFCS and receive a significant tax credit in return.  The program stipulates that at least 80% of the funds are to be used for scholarships, and WFCS relies heavily on EITC funds each year to provide financial aid to our families.  It’s a great way to amplify your donation to the school and enable other families to attend who otherwise might not be able to afford it.

For individuals/couples, there is a minimum $3,500 donation and you can receive a credit of 90% of your donation.  Business have slightly different percentages depending on the commitment they make to the program – 75% for 1 year or 90% for 2 years.

Example

If you as an individual donated $5,000, you would receive a PA state tax credit of $4,500.  You make a net donation of $500 and the school receives $5,000.  That’s the majority of the tuition cost for a student to attend.  If you wanted to continue the next year, you can take your tax credit, add another $500 to get back to $5,000 and do it all over again!

* Example is for illustrative purposes only and should not be relied upon as tax advice.  Consult a tax professional for further advice on filing.

If you have questions or if you’d like to get started, please contact the office at [email protected].

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