EITC Information for Individuals

Significant Tax Advantage Individuals ~~ Significant Tuition Assistance for Families

Thanks to a change in Pennsylvania law, individuals with a tax liability can now join a Special Purpose Entity (SPE) through the Foundation for Catholic Education to take full advantage of the PA EITC programs.

- use the credit for your personal PA taxes
- 90% tax credit for a 2-year commitment
- designate to Notre Dame de Lourdes Catholic School

How It Works

1. Refer to Line 12 on your PA-40 to determine your level of tax liability. You can choose to donate equal to your likely tax liability or be a portion of the total. You decide when joining the SPE.
2. The SPE will receive tax credits equal to 90% of the donation amount. These credits will be distributed on a K-1 form according to each member's % interest in the SPE.
3. These credits can be applied to your PA tax liability under PA Schedule SP.