EDUCATIONAL IMPROVEMENT TAX CREDIT
Every year, dozens of area companies choose to donate through the Pennsylvania Tax Credit Program to help families in Wyoming Valley send their children to school. Without these scholarships, many children would not have the opportunity to attend high quality educational institutions.
SCHOOL YEAR 2021-2022 Quick Facts
Pre-K Scholarship Program (Pre-K SO)
Total Funds Distributed: $58,800; Total Scholarships Funded: 77 students
Scholarship Program (EITC-SO)
Total Funds Distributed: $84,480.00; Total Scholarships Funded: 56 students
Opportunity Scholarship Program (OSTC)
Total Funds Distributed: $52,176.00; Total Scholarships Funded: 32 students
Educational Improvement Organization Program (EIO)
Total Funds Distributed (SY 20-21): $8,000 to support high-quality after school programming
Participating Organizations:
- Wyoming Valley Children's Association
- Allied Services' de Paul School
- Diocese of Scranton
- Wilkes-Barre Academy
- Wyoming Seminary
- Wyoming Valley Montessori
Opportunity Scholarship Program
Participating Organizations:
- Diocese of Scranton
- Wyoming Seminary
Education Improvement Organization Program
Participating Organizations:
- State Street Elementary School (Wyoming Valley West School District)
- Heights-Murray Elementary School (WB Area School District)
- Lee Park Elementary School (Hanover Area School District)
- Greater Nanticoke Area Elementary Center (Nanticoke Area School Districts)
- West Side CTC (Wyoming Valley West Middle School Students)
- Wilkes-Barre CTC (Wilkes-Barre Area, Hanover Area and Nanticoke Area Middle School Students)
- Pittston Area Intermediate Center, Pittston Area School District
EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC)
Not Currently Participating?
Do you pay one of the following taxes?
- Corporate Net Income Tax
- Bank and Trust company Shares Tax
- Title Insurance Companies Shares Tax
- Capital Stock Franchise Tax
- Insurance Premiums Tax
- Mutual Thrift Institutions Tax
If you do, you could be receiving tax credit!
If you do business in the Commonwealth of Pennsylvania and pay one of the above taxes, you would be eligible for the following Tax Credit Programs:
Pre-Kindergarten Tax Credits:
A business may receive a tax credit equal to 100% of the first $10,000 contributed to a Pre-K Scholarship Organization during the taxable year, and may receive a tax credit equal to 90% of any additional amount contributed during the taxable year, up to a maximum of $200,000 annually.
Scholarship Organization Tax Credits:
A business may receive a tax credit equal to 75% of its contribution to a Scholarship Organization that is included on the current list published by the Department, up to a maximum of $400,000 per taxable year. The tax credit may be increased to 90% of the contribution, if business agrees to provide same amount for two consecutive tax years.
For more information on how you can receive tax credits by donating to United Way of Wyoming Valley and to receive an application, please contact Michael Bernhardt at mbernhardt@unitedwaywb.org
For more information visit the Educational Improvement Tax Credit Program (EITC) website, CLICK HERE