•EITC participants can redirect their PA tax liability to the EITC program
•EITC participants receive up to a 90% tax credit for their contribution
•EITC tax credits are given for the calendar year in which contributions are made
•EITC contributions fund scholarships at Pennsylvania’s non-public schools
•EITC scholarships make school choice a reality for thousands of families
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 (public schools that perform in the bottom 15% of Pennsylvania schools). The difference between them is the beneficiaries:
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/.