Instead of paying taxes to the Commonwealth of Pennsylvania, you can redirect that money to scholarships for Roman students in need!
If your household income is $40,000 or more, you have an annual state tax liability of at least $1,000, which qualifies you to participate.
This is how it works...
Let's say you paid $1,000 in taxes to PA last year and you expect to pay at least that much this year. (A copy of your 2020 PA tax return will indicate how much you paid last year.)
You write a check for $1,000 by the end of the year to the Foundation for Catholic Education or BLOCS, scholarship organizations that provide aid to Roman students.
In early 2022, you receive a Schedule K-1 from the Foundation for Catholic Education or BLOCS that you file with your 2021 PA tax return.
PA sends you a tax refund of $900 (or whatever 90% of your donation amount is.)
It's that easy!
Through this tax credit program, your gift of $1,000 for scholarships for Roman students only costs you $100. And that $100 can be deducted on your federal tax return as a charitable gift, if you itemize.
Please note that $1,000 is the minimum, you can redirect your entire PA tax liability ($5,000, $10,000, or more) and make a huge impact for a student at Roman and receive a 90% credit of that amount.
If you would like to learn more, please contact Director of Development, Adam Gault '08, agault@romancatholichs.com or click the button below to fill out the one-page form and send it to him to get started.