Education Tax Credits work.

Originally published at Broad + Liberty

Students are learning. Parents are grateful. Donors are seeing the benefits.

And Pennsylvania taxpayers are saving money today — and tomorrow. (Over $1 billion in this school year alone.) Since 2001, Pennsylvania students, parents, donors, and taxpayers all have been reaping the countless benefits of the Education Improvement Tax Credit (“EITC”).

Each year, Pennsylvania individuals and businesses can donate to state registered non-profit scholarship organizations. The donation is eligible for a 90 percent tax credit against your state taxes. In other words, if you donate $1,000, you get $900 credited to your Pennsylvania taxes — and if you’ve overpaid your taxes, you get that refunded to you. For example, your $1,000 donation to a scholarship organization — helping them award scholarships to income eligible students — only costs you $100 out of pocket!

Read more at Broad + Liberty