Tax Credits

Tax Credits for your Company

»Posted by on Mar 21, 2016 in DCED, Education, EITC, Tax Credits | Comments Off on Tax Credits for your Company

Building Bridges for Business Announces Participation in PA Educational Improvement Tax Credit (EITC) Support education while helping your company’s financial position. What is EITC? A PA Department of Community and Economic Development (DCED) program that provides state tax credits to eligible businesses for charitable contributions made to Building Bridges for Business and their teaching program U can B. Is my business eligible? If you do business in Pennsylvania and pay any of several corporate taxes, the answer is Yes. How can I make EITC work for me and my business? Visit the PA DCED website for EITC Guidelines and access to DCED’s electronic Single Application system. Once you are approved* by DCED, make your contribution Building Bridges for Business. What’s the bottom line? Tax credits equal to 75% of your contribution up to a maximum of $750,000 per taxable year; can be increased to 90% of your contribution, if your business agrees to provide the same amount for two consecutive tax years. *Applications are approved on a first-come-first-served basis by date received, and approved until available tax credits are exhausted. EITC – Tax Credits. How to apply – Check out the online Application process here. Educational Improvement Tax Credit Program (EITC) Email us at...

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