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Governor signs budget - no EITC changes for 2014/2015

7/13/2014

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EITC remains at the same limits for the new year.  As of July 2, 2014 all tax credits available have most likely been allocated to donors based on past year application levels with the exception of Opportunity Scholarship Tax Credits (OSTC).  Our charity has innovative OSTC programs in place to benefit eligible students and the charity of the donors choice.  OSTC of $50 million is available and last year was not fully requested by donors so these credits should  be available for tax planning in December 2014.
http://www.politicspa.com/budget-update-gov-corbett-signs-budget-whacks-legislature-with-line-item-vetoes/59240/


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    Randy Tarpey CPA 

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