EITC/OSTC Individuals

RE-DIRECT AND RE-INVEST YOUR PERSONAL TAXES

This is an option if you work for a business that pays PA business taxes AND if you meet at least one of the two personal income criteria below:

Individual income exceeds $200,000 in each of the two most recent years, or joint income together with a spouse exceeds $300,000 in each of those years (In addition, income of at least $200,000 this year or joint income with a spouse of at least $300,000 is expected this year).
Individual net worth or join net worth together with a spouse exceeds $1,000,000.

Just a portion of your tax credits can provide an education to a Crossroads scholar. For example:

Sample donation — $10,000  Dollar-for-Dollar PA tax credit with a 2-year commitment — $9,000  Estimated Net Federal Tax reduction based on 35% tax rate — $350  Estimated cost to you — $650.
Every $12,000 provided through EITC and OSTC funding supports a Crossroads scholar for one year. Of all Crossroads scholars, 99% are EITC eligible, and 64% are OSTC eligible.

Businesses must complete and submit an EITC and OSTC application annually with the Commonwealth of Pennsylvania to determine if they qualify for credit. All applications are processed on a first-come, first-served basis.
Tax credits cannot exceed tax liability of a business for a given year for the personal tax liability of the owners.
Applicants must agree to a two-year commitment and can renew an additional two-year commitment online beginning May 15 of the applicable year.
Contact Kristin Kalson for more information: 412-228-4611

For more information, contact our Development team at development@crfdn.org !