REDUCE YOUR BUSINESS TAX
Instead of paying your company taxes to the state of Pennsylvania, your monies could be designated to help families in poverty send their children to the Pre-K and Kindergarten of their choice.
EITC PRE-K TAX CREDIT (PKSO)
This option provides the greatest benefit to your business. 100% tax credit for the first $10,000 your business donates to provide scholarships for children in our pre-K programs (90% credit for every dollar beyond $10,000 up to $150,000).
EITC TAX CREDIT (SO)
75% tax credit for up to $750,000 donation to provide scholarships for children in our kindergarten class (if you make a 2-year commitment, the credit goes up to 90%). These donations also help provide scholarships for Wonder Academy (Formerly called Wonder Club) alumni to attend other Christian private schools. Wonder Academy is a ministry of Water Street Mission (Our official EITC identify is “Water Street Ministries”).
STEPS TO APPLY
1. Submit Your Application Online to the DCED beginning July 1
(Applicants for 2nd-year commitments or having just completed year 2 may apply beginning May 17th. To receive preferred status – ahead of new applicants – please submit the application by June 30.) All applications are processed on a first-come-first-served basis until available tax credits are exhausted.
Applications are submitted online through the “single application for assistance.”