Educational Improvement Tax Credit (EITC)

The Educational Improvement Tax Credit (EITC) is administered by the Department of Community & Economic Development (DCED) under Act 48 and awards tax credits to businesses that make contributions to scholarship organizations and/or educational improvement organizations that are on a list approved and published by DCED.

WVCA is an approved educational improvement organization, therefore your tax dollars can help WVCA!

What are the benefits for businesses?

A business may receive a tax credit equal to 100% of the first $10,000 contributed to a Pre-K Scholarship Organization(s) and may receive a tax credit equal to 90% of any additional amount contributed during the taxable year, up to a maximum of $150,000 of tax credits per taxable year.

What businesses are eligible to apply?

Business that operate in the state of Pennsylvania and who are subject to:

  • Corporate Net Income Tax
  • Capital Stock Franchise Tax
  • Bank and Trust Company Shares Tax
  • Title Insurance Companies Shares Tax
  • Insurance Premiums Tax
  • Mutual Thrift Institutions Tax