Education Tax Credits
How It Works
Businesses and individuals have the opportunity to control their PA State Taxes and to transform them into a 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 two 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 two 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.
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