Learn more: watch this helpful video and read about the programs below
The Education Improvement Tax Credit, Opportunity Scholarship Tax Credit and the Pre-Kindergarten Tax Credit (EITC/OSTC/PKTC) were created by the Commonwealth of Pennsylvania as a means to giving contributions to Scholarship, Educational Improvement and/or Pre-K Scholarship organizations. The programs are administered by the Department of Community and Economic Development.
Businesses and individuals donating to the scholarship fund will receive a tax credit to offset up to 90% of the donation. Through the EITC, OSTC and PKTC programs, a business or individual can receive a dollar-for-dollar tax credit for up to 90% of a donation to help a low-income student attend a Friends school. Combined with federal tax savings, the out-of-pocket costs can be little or nothing. This is a first-come, first-served program.
Taxes eligible for EITC, OSTC and PKTC credits include:
The Pennsylvania legislature enacted and launched the Educational Improvement Tax Credit Program in 2001. The program offers corporations tax credits for donating to organizations that provide low- and middle-income families private school and prekindergarten scholarships, as well as organizations that support innovative public school programs. These programs allow members to receive up to a 90% tax credit against their personal Pennsylvania state tax liability.
The Pennsylvania legislature enacted and launched the Opportunity Scholarship Tax Credit Program in 2012-13. The OSTC program provides funding to organizations to distribute in the form of scholarship awards to eligible students and families residing within the attendance boundary of a low-achieving public school. The scholarship awards allow eligible students to attend a private school or public school outside of their district of residence.
Contributions to a Pre-Kindergarten Scholarship program that provides tuition to programs of instruction for students between the ages of three to six years old that utilizes a curriculum of the school.