PENNSYLVANIA EDUCATIONAL

IMPROVEMENT TAX CREDIT

More about business donations:

PENNSYLVANIA EDUCATIONAL

IMPROVEMENT TAX CREDIT (PA-EITC)

GET EASY PA TAX DEDUCTIONS BY CONTRIBUTING TO TALK INSTITUTE AND SCHOOL’S SCHOLARSHIP FUND

A gift to TALK Institute and School's scholarship fund can provide your business with a substantial tax credit through the Pennsylvania Educational Improvement Tax Credit Program (β€œEITC”).

Who May Be Eligible?

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:

  • Corporate Net Income Tax

  • Capital Stock Franchise Tax

  • Bank and Trust Company Shares Tax

  • Title Insurance Companies Shares Tax

  • Insurance Premiums Tax

  • Mutual Thrift Institution Tax

  • Insurance Company Law of 1921

  • Personal Income Tax of S corporation shareholders or Partnership partners

How Can My Business Participate?

By making a contribution to TALK's scholarship fund, your business may receive tax credits equal to 75% of your contribution up to a maximum of $750,000.00 per taxable year.  The tax credit may be increased to 90% of the contribution up to a maximum of $750,000.00 per taxable year if you agree to provide the same contribution for two consecutive tax years.  

To determine if you are an eligible business participant and to complete the on-line application, see .  

Business Application Timeline
May 15 – Business applicants who have fulfilled their 2-year commitment and wish to reapply in FY 15/16 to renew their 2-year commitment.
May 15 – Businesses who are in the middle of their 2-year commitment.
July 2 – All other businesses including Pre-K business applications. Beginning in FY 15/16 business firms may agree to provide the same amount of contribution to a Pre-K scholarship organization for two consecutive years.

For questions, please contact 610-356-5566