EITC for Businesses
Benefits from EITC
The Educational Improvement Tax Credit (EITC) program can benefit a business in several ways. It can offer businesses a way to support education in their community, while also receiving significant tax benefits and improving their public image. By participating in the program, businesses can demonstrate their commitment to education and the community, while also helping to improve the quality of education for students in their area.
TAX BENEFITS
Participating in the EITC program can provide businesses with significant tax benefits. By making a contribution to an approved educational organization, such as a school, a business can receive a tax credit of up to 90% of the donation amount against their Pennsylvania state tax liability.
PUBLIC RELATIONS
Supporting education through the EITC program can improve a business’s public image and reputation, as it demonstrates their commitment to the community and education.
WORKFORCE DEVELOPMENT
A strong education system helps to develop a well-educated and skilled workforce, which can benefit businesses by providing them with a pool of qualified candidates to hire from.
PHILANTHROPIC OPPORTUNITIES
Participating in the EITC program can offer businesses a way to support a cause they care about, while also providing tangible benefits.
