organization

A New $1,700 Tax Credit for School Scholarships in 2027: Section 25F
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A New $1,700 Tax Credit for School Scholarships in 2027: Section 25F

Individuals

A New $1,700 Tax Credit for School Scholarships in 2027: Section 25F

Inside the One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, is a brand-new federal tax credit that most people haven't heard about yet — and it could put up to $1,700 back in your pocket from 2027 simply for donating to certain school scholarship funds. The catch? The rules aren't

By Victor Garrido, CPA, EA|2026-06-08T21:08:32+00:00June 22nd, 2026|Categories: Individuals|Tags: 25f, cap, charitable, credit, granting, individuals, nonrefundable, OBBBA, organization, scholarship, section, SGO, State, tax|

PA businesses can receive a 75% to 90% tax credit for contributions to educational improvement organizations
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PA businesses can receive a 75% to 90% tax credit for contributions to educational improvement organizations

Business

PA businesses can receive a 75% to 90% tax credit for contributions to educational improvement organizations

If you are a business in PA, you might consider a contribution to an approved Educational Improvement Organizations. If you are a qualified business, you can received a PA tax credit of 75% of your contribution (90% if same contribution for two years). You need to make sure you meet the requirements (i.e. provide proof

By Victor Garrido, CPA, EA|2025-01-11T10:12:33+00:00September 2nd, 2024|Categories: Business|Tags: 75%, 90%, Accounting services near me, business, CPA near me, credit, educational, Entity, improvement, organization, pa|

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