Use these two great PA Tax Credit programs to direct your Pennsylvania Taxes to scholarships for Little Flower Students!
EITC = Educational Improvement Tax Credit
OSTC = Opportunity Scholarship Tax Credit
How does it work?
For Businesses - Apply directly through Pennsylvania Department of Community & Economic Development or allow BLOCS to do the heavy lifting for you. Use the BLOCS application attached here and submit before July 1.
For Individuals - Consider joining BLOCS Scholarship LLC which allows individuals to pool together to take advantage of this tax credit. BLOCS requires a two-year commitment and a minimum of $7,000 per year.Deadline is December 31.
How much of a credit is available?
One-year commitment receives a 75% tax credit.
Two-year commitment receives a 90% tax credit.
Individuals participating in the BLOCS Scholarship LLC make a two-year commitment, therefore, you will receive a 90% tax credit.
A $7,000 donation will essentially cost you $700!
For more information contact:
Amy Steinmetz Carthy, '87