Education Tax Credits
How It Works
Businesses and individuals have the opportunity to control their PA State Taxes and to transform them into need-based student scholarships through participating in a Special Purpose Entity. Yes, money an individual already has to pay can be directed to support a student.
Step 1:
Choose one of our four Special Purpose Entities (SPE) and request a current application from mark.seymour@csagh.org.
Step 2:
In the fall, pay your state tax liability directly to your chosen SPE.
Step 3:
In January, the schools receive either 95% or 100% of that tax contribution to the SPE depending on which of the SPEs were used. The tax contributor will also receive a 90% tax credit (K-1) to file with their state taxes.
Special cases: In cases where individuals have made payroll withholdings or quarterly tax payments, they will receive a state tax refund in July or August in time to pay the following year’s taxes to the SPE.
Choosing An SPE
We participate in four SPEs: Business Leadership Organized for Catholic Schools (BLOCS), the Central PA Scholarship Fund (CPSF), ACSI Children's Tuition Fund of PA (CTF), and Faith Builders. The primary differences are (1) the minimum level of tax to participate and (2) the amount of the tax contribution the school receives. Please complete the form below, and we'll assist you in finding the best fit.
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