The amount of the tax credit can equal 75% of the business’s contribution up to a maximum of $750,000 per tax year. If a business agrees to provide the same donation amount for two consecutive tax years their tax credit can equal 90% of the contribution up to a maximum of $750,000.
The EITC program is a great way for you to make a contribution that supports a local organization while benefitting your businesses. By receiving a tax credit of 75% or 90% of your contribution you are essentially receiving the majority of your donation back in the form of tax credits. When you contribute to any of our educational programs you can take advantage of this tax credit.
How you can participate?
Businesses apply for EITC credits by going to the Department of Community and Economic Development website and applying through the DCED online single application system. This allows you to submit basic information about your business, show the level of support you will be making, and calculate what your tax credit will be.
Visit http://community.newpa.com/programs/educational-improvement-tax-credit-program-eitc/ for more information about the program, access to the application, and deadlines to apply.
ASWP is a 501c3 tax exempt nonprofit organization. Our Employer Identification Number (EIN) is 25-1324559.