How do I Participate?
Both businesses and individuals can utilize PA tax credits. Follow the steps below to discover how you can change the future for children.
How to participate:
New 2018 applications accepted only on July 2.
You may obtain credits for a portion or all of your tax liability. Businesses can receive up to $750,000 in tax credits per year.
Credits are first-come, first-served, and often fully utilized on opening day, so CSFP will help you apply.
Companies entering year 2 of a two-year tax credit commitment, or companies renewing a two-year commitment that just ended, must apply on May 15. Read more about renewals.
Companies can apply credits to a variety of state taxes.
There is no minimum to participate! Apply for amount of credits you need based on PA tax liability.
How do tax credits for individuals work?
Individuals can form a “business entity” to redirect PA taxes and help low-income children receive quality K-8th grade education.
Tax credits flow directly to members’ personal taxes, based on ownership. Credits (90% of amount donated) lower your state taxes dollar for dollar.
Now available - Join the fully managed CSFP LLC
Individuals can join the CSFP LLC, and CSFP will handle everything for you.
Tax Credit Facts
Your company can apply the tax credit against these Pennsylvania taxes:
- Corporate Net Income Tax
- Personal Income Tax of LLC, S Corp
- Owners or members of a partnership
- Bank and Trust Company Shares Tax
- Title Insurance Companies Shares Tax
- Insurance Premiums Tax
- Other taxes
There is no minimum to participate in the PA Tax Credit programs, and businesses can receive up to $750,000 in tax credits annually.