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
Direct your PA state taxes to Susquehanna Waldorf School
Through Pennsylvania’s Educational Improvement Tax Credit (EITC) program, you can redirect part of the state income tax you already owe to SWS scholarships. The state gives you a tax credit for 90% of your gift, which means a great deal to our school and community.
Here’s how it works…
- Pledge. Fill out our 5-minute pledge form, and we’ll match you with one of our EITC partners, called SPEs (special purpose entities). An SPE is the group that collects gifts and passes the tax credits on to donors.
- Give. When your SPE asks, send your donation. It goes to SWS financial aid.
- Get your credit. Your SPE sends you a K-1 form. You or your tax preparer use it to claim a PA tax credit for 90% of your gift.
An example: You give $5,000. You get a $4,500 credit against your PA income tax. Your real cost is about $500, and SWS receives the full $5,000 for scholarships.
Who can give? Almost anyone who pays Pennsylvania income tax. For example, a household earning about $35,000 or more usually owes at least $1,000 in PA tax. This includes W-2 employees, self-employed people, and retirees with PA-taxable income.
Not sure if you qualify? Contact Courtney.
EITC FAQs
Up to your total PA income tax (line 12 of your PA-40). The credit can’t be larger than the tax you owe, and unused credit can’t be carried over to another year. Most donors look at last year’s return to choose an amount.
No. You pledge one year at a time, and we hope you’ll give again next year.
Your SPE will send your K-1 by March. File it with your PA return that spring. Your PA refund typically arrives in the summer, later than your federal refund, so plan to front the donation for several months.
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.
Enter the credit from your K-1 on PA Schedule OC and file it with your PA-40. Most donors have their tax preparer do this. Tax software that supports K-1s and Schedule OC works too. TurboTax requires the upgraded version for this form
Contact
Questions?
Courtney Kokus, SWS Development Director, 717-426-4506
courtney.kokus@susquehanna.org
Prefer to talk in person? Stop by for EITC Open Office Hours, Mondays & Fridays from 8:30–9:30 am in the Admin Office.
Or ask your tax preparer about accounting questions.