EITC Donations
 

What is EITC?

 

EITC (Educational Improvement Tax Credit) was enacted by the Pennsylvania State Legislature in 2003. It provides a tax credit to corporations who make donations to state-approved scholarship organizations that open doors of opportunity.
 

Why Donate Through EITC?

 

Woodland Hills Foundation is an approved scholarship organization. Eligible businesses can
receive a tax credit equal to 75% of their contribution to the. This credit is
increased to 90% if the business commits to give the same amount for two consecutive years. In effect, it costs businesses a dime to give a dollar.

By making a tax deductible donation through the EITC program, not only do you receive a reduction in your tax liability, but your company is making a positive impact in our community by supporting the enriching educational programs in the Susquehanna Township School District.

EITC provides companies with a 75% tax credit for donations to approved educational scholarship organizations. The tax credit increases to 90% if a company commits to making the same donation for two consecutive years. A business paying qualifying taxes in PA can receive up to $750,000 in tax credits annually. The state government allocates tax credits for education programs each year on a first-come, first-served basis until the credits run out.

What businesses and taxes are eligible?

The EITC program is available to businesses that file as S-Corporations, Partnerships, LLs or C-Corporations. Eligible taxes to which credits can be applied include:

  • 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 surplus lines, unauthorized, domestic/foreign marine)

  • Mutual Thrift Tax

  • Malt Beverage Tax

  • Retaliatory Fees under section 212 of the Insurance Company Law of 1921

Application Deadlines

 

Returning businesses: apply online beginning May 15.

New to these programs? Apply online beginning July 1.

Please note that applications are accepted on a “first come, first served” basis, and EITC in particular runs out of funds quickly, so it is important for new businesses to submit on July 1.

For more information, click here

Donate

 

United Way Contributor Choice ID

Woodland Hills Foundation #10660819

Connect with us

 

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Who we are

 

The Woodland Hills Foundation is an independent non-profit 501(c)3 dedicated to supporting the Woodland Hills School District and its communities by strengthening the educational experience of our children.  

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