The Educational Improvement Tax Credit program (EITC) provides tax credits for gifts given in support of students who qualify for financial aid, while the Opportunity Scholarship Tax Credit program (OSTC) specifically provides support for qualifying students from low-achieving school districts. These are districts with public schools that perform in the bottom 15% of Pennsylvania schools.
Businesses may apply for both programs within a given year.
How do the programs differ in practice?
You can learn more about these tax credit programs at https://dced.pa.gov/programs/educational-improvement-tax-credit-program-eitc/.
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