Applications are approved on a first come, first served basis until the amount of available tax credits is exhausted. Renewal applications for 2 year commitment donors are accepted beginning May 15 of each year. Applications for theВ Pennsylvania Educational Improvement Tax Credit (EITC)В and theВ Opportunity Scholarship Tax Credit (OSTC)В programs will become available on July 1st for businesses who have not participated before. ДЄpplications are completed online and the application process is simple. ДЇor additional information on how you can participate in these programs, please contact Patrick Kane, Director of External Operations, at 61 x179 or email or visit Educational Improvement Tax Credit (EITC) and/or Opportunity Scholarship Tax Credit (OSTC). Has a net worth over $1 million, either alone or together with a spouse, excluding the value of the personвЂ™s primary residence.ДЇor more information on personal tax credits, please visit.Earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year,.Personal EligibilityДЄn accredited investor,В according to the SEC, includes any person who meets one of the following criteria: Tax credits are available to members in one of the BLOCS Scholarship LLCs, special purpose limited liability companies established to provide tuition assistance scholarships to low income families through the use of the EITC and OSTC programs. Malt Beverage Tax Personal Income Tax of S corporation shareholders or Partnership partnersДevon Prep partners withВ Business Leaders Organized for Catholic Schools (BLOCS) to provide an opportunity for you to redirect your personal PA tax liability to scholarships.Corporate EligibilityД«usinesses authorized to operate in Pennsylvania and subject to one or more of the following taxes may apply: The tax credit increases to 90% if the company commits to making the same donations for two consecutive years. The EITC and OSTC programs each provide companies with a 75% tax credit for donations to approved Scholarship Organizations, including Devon Prep.

Corporate Tax CreditsД¬ompanies can receive substantial tax credits for donations to Devon Preparatory SchoolвЂ™s student financial aid program.

The EITC Program and the OSTC Program, which benefits students who reside in under-performing school districts, each provide a wonderful opportunity for Devon Preparatory School, for our corporate donors, and for the students who receive access to a quality education. EITC and OSTC Tax Credit ProgramsД«usinesses and Individuals can obtain PA tax credits for donations to Devon Prep through two programs offered by the Commonwealth of Pennsylvania: theВ Educational Improvement Tax Credit (EITC)В program and theВ Opportunity Scholarship Tax Credit (OSTC)В program. Did you know that you can redirect your corporate or personal PA tax dollars to Devon Prep? Devon Prep is eligible to receive contributions through two programs offered by the Commonwealth of Pennsylvania: the Educational Improvement Tax Credit (EITC)В program and the Opportunity Scholarship Tax Credit (OSTC)В program.

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