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Tax credits are eligible to businesses contributing to a Educational Improvement Organization

Q. What is the EITC program?

The Pennsylvania State Department of Community and Economic Development’s (DCED) Education Improvement Tax Credit (EITC) program allows eligible businesses to donate to a registered and approved 501(c)(3) Educational Improvement Organization (EIO) of their choice. The state then provides a tax credit of the donated amount.

Q. How do I qualify for the EITC program?

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

  • Personal Income Tax
  • Capital Stock/Foreign Franchise Tax
  • Corporate Net Income Tax
  • Bank Shares Tax
  • Title Insurance & Trust Company Shares Tax
  • Insurance Premium Tax (excluding unauthorized, domestic/foreign marine)
  • Mutual Thrift Tax
  • Malt Beverage Tax
  • Surplus Lines Tax

Q. How does EITC work with TCP?

  • The Challenge Program, Inc is an approved Educational Improvement Organization (EIO)
  • If you pay PA taxes, you can invest in your organization
  • Use your tax credits to:
    • Build your workforce
    • Motivate students
    • Give back to your community

By utilizing the EITC program, it costs very little to donate a lot. The following chart illustrates the highly leveraged tax benefits:

This is a rare opportunity! 

More EITC credits are available in 2024 
than any other year of the EITC tax credit program. 

Contact us to learn how you can take advantage of this program! 

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