What Is EITC?

The Educational Improvement Tax Credit (EITC) program allows Pennsylvania businesses to support education by providing tax credits in exchange for contributions to approved scholarship organizations, educational improvement organizations, or pre-kindergarten scholarship organizations. Businesses can receive tax credits of up to 75% of their contribution, or up to 90% if they commit to donating for two consecutive years, with a maximum annual credit of $750,000. These contributions provide students, particularly those from low- and middle-income families, with greater educational opportunities through scholarships and enhanced learning programs.