PA Educational Improvement Tax Credits (EITC)

PRIMARY CONTACTS: Gennaro J. DiBello CPAMarsha L. Ruddle CPA 

Pennsylvania has two types of tax credits related to education. Schnieder Downs help our clients participate in these worthwhile programs, allowing both businesses and individuals to achieve both Pennsylvania tax savings along with supporting educational improvement and scholarships.   

We can assist you in applying for these credits and determining available tax savings. The program is administered through the PA Department of Community and Economic Development and includes:  

Educational Improvement Tax Credit (EITC)  

Supports scholarship organizations and educational improvement organizations. These are nonprofits that support innovative programs in public schools.  

Opportunity Scholarship Tax Credit (OSTC)  

Contributions to approved IRC 501(c) organizations/private schools that provide scholarships to eligible students living within the boundary of the lowest achieving 15% of elementary and secondary schools as determined by the Department of Education.  

These incentives can result in deductible contributions (subject to federal rules) and state credits while assisting with your philanthropic goals. 

About Schneider Downs Tax Advisors 

With one of the largest regional tax practices in the country, Schneider Downs Tax Advisors’ personal focus on clients and in-depth understanding of current issues ensures that clients are complying with tax filing requirements and maximizing tax benefits. Our industry knowledge and focus ensures delivery of technical tax strategies which can be implemented as practical business initiatives. Learn more at www.schneiderdowns.com/tax-services.

case studies

 
Let’s discuss preventing ransomware attacks on your company. Email me directly <a href='mailto:twarren@schneiderdowns.com?cc=contactSD@schneiderdowns.com'>here</a>.
big problem:
Let’s discuss preventing ransomware attacks on your company. Email me directly here.
big thinking:
Company impacted by ransomware.
 
Let’s discuss opportunities to reduce your company’s tax burden. Email me directly <a href='mailto:dmorally@schneiderdowns.com?cc=contactSD@schneiderdowns.com'>here</a>.
big problem:
Let’s discuss opportunities to reduce your company’s tax burden. Email me directly here.
big thinking:
Inefficient tax credit realization.

our thoughts on

IRS Extends Federal Individual Tax Filing Deadline. State deadlines to follow?

Learn more about the IRS extension for individual tax filing season by 1 month until May 17, 2021.

read more >

Remember to File Your BE Benchmark Survey

Every five years, the Benchmark Survey of U.S. Direct Investment in Foreign Business Enterprises is conducted by the Bureau of Economic Analysis (BEA),

read more >

Proposed Regulation Would Clarify Exceptions to $1 Million Deduction Limit Under IRC Section 162(m)

Proposed Regulation Would Clarify Exceptions to $1 Million Deduction Limit Under IRC Section 162(m) Thank you for downloading the article. If you have

read more >

Tax Code Offers a Possible Cash Infusion for Real Estate Developers

The Tax Code Offers a Possible Cash Infusion for Real Estate Developers Thank you for downloading the article.

read more >

Preparing Your Business for More Invasive Employment Tax Audits Under the Employment Tax National Research Project

Preparing Your Business for More Invasive Employment Tax Audits Under the Employment Tax National Research Project If you have any questions about the

read more >

New Cost Basis Reporting Rules (Form 1099-B) Effective For 2011

Thank you for downloading the article. If you have any questions, please contact Ron Kramer. New Cost Basis Reporting Rules (Form 1099-B) Effective For

read more >

New Rules for Tax Return Disclosure of Information With Respect To Foreign Financial Assets Will Take Effect for 2011 Returns

New Rules for Tax Return Disclosure of Information With Respect to Foreign Financial Assets Will Take Effect for 2011 Returns Thank you for downloading

read more >
contact us
Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

[email protected]
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

[email protected]
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102

[email protected]
p:571.380.9003

This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.

×