TAX CREDIT PROGRAM

Direct your Pennsylvania State Taxes to Liguori Academy and turn your tax dollars into tuition.

TURN YOUR TAXES INTO TUITION

Reducing your taxable income while supporting a student’s education is easier than you think. Contributions can be made at any level or dollar value. For easy math, see our example below!

Here’s an example of how it works:

Gross Annual Income: $300,000

3% State Tax Liability: $10,000

Option 1:

Pay 100% of your State Tax Liability to the State of Pennsylvania.

Option 2:

Pay 100% of your State Tax Liability to Liguori Academy for scholarship assistance.

I CHOOSE LIGUORI. NOW WHAT?

Commit to two consecutive years of participation.

100% of State Tax Liability Goes to Liguori Academy. For example, using the $10,000 lability as shown above:

90% ($9,000) of that State Tax Liability is considered to be tax deductible by the State of Pennsylvania

10% ($1,000) is the leftover amount that is not considered tax deductible on your State taxes but is deductible as a charitable contribution on your Federal Taxes.

HOW DO I KNOW IF I QUALIFY?

Individuals who pay Pennsylvania income taxes and businesses that are authorized to do business in Pennsylvania who are subject to one or more of the following taxes:

  • Personal Income Tax --- Sub-chapter S-corporations and other “pass-through” entities will be able to use the credit against the shareholders’, members’, or partners’ PA personal income taxes

  • Corporate Net Income Tax

  • Malt Beverage Tax

  • Bank and Trust Company Shares Tax

  • Insurance Premiums Tax (excluding surplus lines, unauthorized, domestic/foreign marine)

  • Mutual Thrift Institutions Tax

  • Title Insurance Companies Shares Tax

  • Retaliatory Fees under Section 212 of the Insurance Company Law of 1921

READY TO REDIRECT YOUR TAXES?

This could be your tax payment! Instead of writing a check to Harrisburg, redirect your taxes to Liguori Academy and make a difference in the lives of our students.

TURN YOUR TAXES INTO TUITION IN 5 EASY STEPS

  1. Identify your PA State Tax Liability.

  2. Sign an operating agreement provided by Liguori Academy.

  3. Send your contribution (check) by December 15, 2023.

  4. Receive a K1 to file your taxes by March 2024.

  5. Become part of the Liguori Academy family!

100% of Liguori Academy Student Qualify to Receive Tax Credits

The Pennsylvania Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) Programs give individuals and businesses the opportunity to redirect their PA state tax dollars to support need-based scholarships at Liguori Academy. 

All Pennsylvania registered businesses and individuals with significant tax liability can participate in the Pennsylvania Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) program. 

Liguori Academy is a registered scholarship organization meaning all contributors can earn tax credits when redirecting their PA State Taxes.

The EITC and OSTC programs give taxpayers the authority to tell Harrisburg how they want their tax dollars used, and give Liguori Academy students access to an affordable private school education.  

While there is an option to participate in the program for one year, when an approved individual or business participates in the program for two consecutive tax years, they may be eligible for a tax credit equal to 90% of the total contribution.

Click below to learn more about the program through the Pennsylvania Department of Community and Economic Development.

TAX CREDIT FAQ’S

  • The Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs provide donors with a tax credit for their contribution to Liguori Academy.

    Liguori Academy is a registered 501(c)(3) and Scholarship organization.

  • There is no limit to the amount a donor can contribute to the EITC & OSTC programs.

  • These programs allow a donor to turn their taxes into tuition for students that are the most in need of financial assistance. Donors are able to self-direct where a portion of their tax dollars are spent and visibly see the positive impact. These are dollars that you would already be paying to the state of Pennsylvania. It also allows the donor to support the schools and local community.

    A donor can also deduct their 10% financial commitment from their federal tax returns. Please refer to the information shown earlier on this page for specific examples.

  • At Liguori Academy, 100% of our students are eligible to benefit from tax credits. Your donation plays a vital role in providing students access to a private school education regardless of financial need. Students are then able to be involved in our career and college ready curriculum.

    Click Here to Learn More

  • All tax credit contributions must be distributed to students within 18 months.

  • Tax credits are not designated to specific students by the contributor; however, you have the option to Sponsor a Student. For more information on our Sponsor a Student program, visit the page.