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EITC/OSTC Redirect Your PA taxes

These two great Pennsylvania Tax Credit programs allow individuals and businesses to direct Pennsylvania taxes to scholarships for Little Flower Students!

EITC = Educational Improvement Tax Credit

OSTC = Opportunity Scholarship Tax Credit

How does it work?

For Individuals - Consider joining BLOCS Scholarship LLC which allows individuals to pool together to take advantage of this tax credit. If you join for the minimum $7,000, you receive back $6,300 from the State.

For Businesses - There is no minimum amount for participation. 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.

How much of a credit is available?

Tax credits available are limited so apply as early as possible.

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 automatically receive a 90% tax credit.
A $7,000 donation will essentially cost you $700!

 

For more information contact:
Amy Steinmetz Carthy, '87
215-455-6900 X130