EITC/OSTC Individuals

RE-DIRECT AND RE-INVEST YOUR PERSONAL TAXES

How to Participate

• Any Household that has earned income of $70,000 or higher will qualify as the minimum donation is $2,000. The donations go through a Special Purpose Entity which ask for a 2 year pledge commitment. 
  1) Complete the short initial pledge form including the amount that you would like to donate($2,000 min).
  2) Once credits are awarded you will receive a subscription agreement to E-sign via DocuSign. You will be able to make a donation via ACH online or if preferred, mail a check. 
  3) You will receive an acknowledgement letter digitally and a K-1 form early in the new year to file with you PA Income Tax return providing you with the 90% PA Tax Credit

 

Individual Tax Credits

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.