The Educational Improvement Tax Credit (EITC) Program provides businesses in Pennsylvania with the opportunity to receive tax credits in return for contributions toward innovative educational programs in local school districts. 

Here are some sample calculations to demonstrate how it works.

Sample Calculations:

• See an example of how an S-Corporation could make a $25,000 gift that costs the company $857.

• See an example of how a C-Corporation could make a $30,000 gift that costs the company $2.

Please note:

These examples are provided for information only, and are not meant  as tax advice. Consult your accounting professional for specific information about how tax credits through the EITC Program may reduce your business' taxes.

[EITC main page]