Pennsylvania’s Educational Improvement Tax Credit Program (EITC) allows a business to divert its state taxes to educational programs. To do this, the business pledges to make a gift through the EITC program to an approved organization such as TLC. After fulfilling the gift, the PA Department of Community and Economic Development then gives the business a tax credit equal to 75% of its contribution up to $750,000 per taxable year. The tax credit can increase to 90% if the business pledges to provide the same amount for two consecutive years.
Businesses ranging from small shops to large corporations can participate in the program. Visit Pennsylvania’s EITC program website for more information.
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