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Wilkes-Barre Family YMCA Pre-kindergarten program has been approved as a scholarship organization to receive contributions through the Pennsylvania Educational Improvement Tax Credit Program.
 Under the newly established Pre-Kindergarten Tax Credit, a business may receive a tax credit equal to 100% of the first $10,000 contributed and up to 90% of the remaining amount contributed up to a maximum credit of $150,000 annually. Tax credits utilized may not exceed the tax liability of a business for the tax year in which the contribution was made.
Applications are processed on a first-come-first-served basis by day submitted.
Businesses can donate to the Wilkes-Barre Family YMCA, and get a tax credit at the same timeWhat is this program?
Encouraging investment in education, the Commonwealth of Pennsylvania has created the EITC program, which allows businesses to earn valuable tax credits by donating to approved educational institutions such as the Wilkes-Barre Family YMCA.
The tax credits are highly competitive and awarded on a first-come, first-served basis, so interested businesses need to be prepared to apply for consideration July 1 when the next round of funding will be allocated by the Commonwealth.
How much can a business save?
Businesses are able to obtain up to $200,000 in tax credits over a two-year period.
Do I have to donate a large amount?
No. Any donation is eligible for the tax credit.
What will my donation be used for?
Donations through this program are specifically designated to fund student scholarships for eligible families. In fact, over 25% of pre-kindergarten participants receive financial aid.
I don't own a business. How can I help?
Individual donations to the Wilkes-Barre Family YMCA are always accepted. Just contact the Wilkes-Barre Family YMCA to discuss the many ways you can help. You can also help by telling any business owners who you may know about this tax credit program.
How do I get more information?
For more information, call Jim Thomas, YMCA Executive Director, at (570) 823-2191 ext.131
or eMail, jim.thomas@wbymca.org.
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