It's SIMPLE to Win!
| MT. CARMEL CHRISTIAN SCHOOL Excellence in Christian Education Since 1974 |
| EITC Giving |
| Pennsylvania's EITC Program is Win - Win |
How Does A Business Win?
|
| Sample Subchapter S-corporation contribution to the EITC with PA Income Tax (other sample tax calculations are available) |
A business located in Pennsylvania that pays certain taxes can determine where and how their tax
dollars are being spent by participating in the EITC program and choosing to redirect their tax liability.
dollars are being spent by participating in the EITC program and choosing to redirect their tax liability.
A business can receive tax credits of up to $300,000 for K to 12th Grades
A business may receive 90% payback for redirecting their tax dollars, and with the federal deduction
the cost may actually be zero.
the cost may actually be zero.
Goodwill in the community
Businesses can be involved in local children and their education at very little cost
An investment in today's students, tomorrow's workforce, and the future of the community
If you pay any of the following taxes you are eligible to apply for EITC tax credits.
Corporate Net Income Tax
Bank & Trust Company Shares Tax
Insurance Premiums Tax
Capital Stock Franchise Tax
Title Insurance Company Shares Tax
Mutual Thrift institutions Tax
PIT (pass-through business entities that pay personal income tax on PA business income)
| It's Simple! Congratulations! You've made a difference in the community! |
1. Complete a one-page application (we will send you one or you can download one here.)
2. Send the completed application to CSF of PA at P.O. Box 855, Clarion, PA 16214.
3. Wait for approval letter from DCED.
4. Submit check for tax liability payable to CSF of PA.
5. Await receipt from CSF of PA.
6. Forward copy of Receipt to DCED.
2. Send the completed application to CSF of PA at P.O. Box 855, Clarion, PA 16214.
3. Wait for approval letter from DCED.
4. Submit check for tax liability payable to CSF of PA.
5. Await receipt from CSF of PA.
6. Forward copy of Receipt to DCED.
| Mt. Carmel Christian School is utilizing the Children's Scholarship Fund of PA for our EITC contributions. They return 100% of donations back to our scholarship fund, except for 10% of the excess of our funds (money not needed to fund students in a particular year.) You may feel free to contact this organization at any time with your questions: P.O. Box 855, Clarion, PA 16214 814.226.9722 814.226.9723 www.csfofpa.org Also, please feel free to contact our Scholarship Fund Coordinator, Michelle Kinter, at any time at 724-887-4277 |
| Mt. Carmel Christian School 1231 Mt. Pleasant Road Mt. Pleasant, PA 15666 (724) 887-7169 mccs@zoominternet.net |
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