Get your application in now for the 2012-2013 school year.
What is the EITC Program?
The EITC program is an easy way for businesses to reduce their state tax liability and at the same time to support non-profit schools through charitable donations. Businesses that donate to the Waldorf School through the EITC program can achieve tax savings up to a maximum of $300,000 per taxable year by earning “credits’ which will be applied as a deduction to their Pennsylvania state taxes. A business can choose two options:
- A one-year tax credit equal to 75% of the contributed amount given to the school
- A two-year tax credit equal to 90% of the contributed amount if the business agrees to provide the same amount of contribution for two consecutive years.
For more information on the EITC Program visit http://wp.me/p1yqbZ-1xr.