EITC – Educational Improvement Tax Credit: Tax credits to eligible businesses contributing to a Scholarship Organization (BLOCS) and The Catholic Foundation and awarded to families based on income guidelines and successful completion of FACTS Application (newpa.com).
OSTC – Opportunity Scholarship Tax Credit: Tax credits to eligible businesses contributing to a scholarship Organization (BLOCS) and awarded to families based on income guidelines, failing public school, and a successful completion of a FACTS application. The failing public school list is published by the state each spring (newpa.com).
EITC and OSTC Income Guidelines:
Combined household annual income no more than $92,160 + $17,017 per dependent.
Income |
Dependents |
Income Allowance |
Total |
96,676 |
1 |
17,017 |
113,693 |
96,676 |
2 |
34,034 |
130,710 |
96,676 |
3 |
51,051 |
147,727 |
96,676 |
4 |
68,068 |
164,744 |
96,676 |
5 |
85,085 |
181,761 |
BLOCS – Business Leadership Organized for Catholic Schools is an independent charitable organization supported by individuals, companies, firms, and foundations in the five county Philadelphia region. BLOCS is a state approved Scholarship Organization (blocs.org).