Transform Your Taxes
Support Our School Through PA EITC!
Complete the Pledge form to get started!
For Questions Contact Courtney at: courtney.kokus@susquehanna.org
The Educational Improvement Tax Credit (EITC) is an opportunity to direct YOUR state tax dollars to Susquehanna Waldorf School.
Here’s how it works…
If your total annual pre-tax family income is $35,000 or above, it is likely that you already pay at least $1,000 in yearly state income tax and qualify for a large tax credit for donating to SWS.
Under this program, if you donate $1,000 or more, with a 2-year commitment, the state returns 90% of that to you in the form of a tax credit. This means that instead of paying $1,000 in state tax at the end of the year, you’ll pay only $100.
In other words, you gave the school a $1,000 gift, and you get 90% of that back on your tax return.
- EITC Tax credits are worth 90% of the taxpayer’s bill.
- The remaining 10% of the tax bill may be deducted as a charitable donation on the federal tax return.
Almost every PA taxpayer can donate their tax bill.
There are very few exclusions.
EITC FAQs
For donations of $3,500 or more, 100% of your contribution supports the school’s financial aid and scholarship programs!
Donations under $3,499 a small percentage fee taken by our partner EITC “SPE” special purpose entity.
If you are a PA W-2 earner via a for-profit company or business and pay $1,000 (amount for a household income of $35,000) or more in state tax, YOU QUALIFY!
5 minutes to complete the application.
90% credit and the remaining 10% is paid by the donor but can be listed as a deduction on your federal tax bill.
You can give up to your full PA state income tax liability found on line 12 of your PA-40 form.
Your tax return will come to you in the following tax season, typically in July or August. Donors will have to “float” the donation until they receive their credit or refund in the fall of the next calendar year.
Most participants either work with a local accountant or, if they are filing themselves, use the upgraded TurboTax.
Contact
For more information and non-accounting related questions, contact:
Courtney Kokus, SWS Development Director
717-332-6891
courtney.kokus@susquehanna.org
-or-
Nathan Krotzer, SWS Board Treasurer
717-578-0573
nkrotzer@remax.net