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

  • Capital Gains Tax

  • 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, 2024.

  4. Receive a K1 to file your taxes by March 2025.

  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