PA State Tax Dollars Supporting FSS
Qualified individuals now have the opportunity to take advantage of Pennsylvania State tax credits offered through the Pennsylvania Education Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC) programs.These tax credits to support qualified scholarship organization like Friends Select School.
Eligible investors who commit to a contribution of at least $1,000 for two years may receive PA income tax credits of 90% of their investment.
The chart below is an example of how these tax credits can help both you and Friends Select School:
PA Taxable Income of Donor
PA Tax of Donor
PA State Tax Credit 90%
Charitable Deduction 33%
Cash Out from Donor
Net Cost to Donor
For more information, contact: