The period for applying to Pennsylvania’s Education Improvement Tax Credit (EITC) program begins July 1 for new applicants. The program is very popular and availability of credits is typically limited.
Credits are issued on a first come-first served basis and specific credit types sell out quickly. Entities applying late or for credits already sold out may not receive their first choice or may be put on a waitlist.
If you or your business is interested in EITC in 2020, make sure your application is submitted early. For more information about the program, contact a Schneider Downs state and local tax professional.
Review the recently released cost-of-living adjustments (COLA) as released by the Internal Revenue Service, taking effect January 1, 2021. ...
Learn more about how private colleges and universities tackled the Coronavirus pandemic and maintained consistent operating cash flow margins consistent with years prior and how federal aid to many colleges and universities helped boost performance amid the decline in fiscal 2020 operating revenues. ...
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