We know, it sounds too good to be real.  But it is, we promise!  It is a very simple process:

1. Decide to which eligible organization(s) you want to donate.  You can exclusively choose Wolf PAC or split your donation with Wolf PAC and any eligible tuition-based school (pre-k through 12th grade) in Pennsylvania that is also close to your heart.

2. Tell Wolf PAC – “I’m in!”  We will then direct you to our partner organization, The Central Pennsylvania Scholarship Fund, and they will send you a simple one-page form to fill out stating that you would like to direct all or some of your Pennsylvania tax contribution to Wolf PAC.

3. You will receive a record back, mailed to you by March 15th of the following year, that you can hand directly to your accountant.  It states that you get a 90% PA tax credit at your next filing.  This means that 90% of the amount you owe in PA taxes will be credited back to you, so you don’t have to pay it to the state.

4. In the fall, you will be asked to make your contribution!  You will write a check for the estimated amount you committed to on your one-page form, send it off to be processed, and then it comes back to Wolf PAC as a donation!

5. Lastly, make sure to keep a record of your donation for tax purposes. You’ll need proof of your contribution when filing your taxes, because 90% of the amount you gave will be considered as already paid.  Added bonus: the remaining 10% that was not forgiven can be used as a write-off on your federal taxes!

Anyone who owes taxes in PA is eligible as long as:

• You (or one of you if married filing jointly) works for a for-profit company AND/OR owns stock in a company

• You work for a non-profit company and own a share of stock in a company with operations in Pennsylvania

• You owe at least $3,500 in PA taxes

90% of what you donate comes back to you as a tax credit. This means you will not owe it in PA state taxes.

Let’s give some examples of what happens typically happens at tax season for an average household after your taxes are settled:

You owe the state of PA money: Whatever you donated to EITC will be deducted from what you owe. If there is surplus, you can opt for it to be credited to next tax year or returned to you as a refund.

• Example: You owe PA an additional $1,000 at tax season. You donated $5,000 to EITC. You can opt for $3,500 to be credited towards next tax season or returned to you as a refund.

The state of PA owes you a refund: Whatever you donated to EITC will be added to what you are owed. You can opt for it to be credited to next tax year or returned to you as a refund.

• Example: PA owes you $1,000 in refund. You donated $5,000 to EITC. You can opt for $5,500 to be credited towards next tax season or returned to you as a refund.

You neither owe money to PA nor are due for a refund: Whatever you donated to EITC can be opted to be credited to next tax year or returned to you as a refund.

• Example: You donated $5,000 to EITC. You can opt for $4,500 to be credited towards next tax season or returned to you as a refund.

Sure! At Wolf PAC we love telling stories!

A Story in Long Form:
Suzy Sunshine expects to owe $10,000 in PA state taxes and decides to allocate those dollars to Wolf PAC via the EITC program. She tells Wolf PAC she’s in!  She is connected to our partner organization where she fills out a form to opt into the program.  In the fall, she receives notification that it is time to make her donation.  Suzy excitedly writes a check for the $10,000 she owes in taxes and sends it off: she feels great because Wolf PAC is going to use that money to further its mission!  At tax season, she gives her accountant the form that says she donated via the EITC program and that 90% of her PA taxes should be considered paid.  Suzy now only owes $1,000 in PA taxes.  So, for $1,000, Suzy made a $10,000 donation to Wolf PAC. Yay for Suzy!

A Story in Bullets:

• Suzy owes $10,000 in PA taxes

• Suzy writes a check for $10,000 and Wolf PAC gets it as a donation

• Tax season arrives

• $9,000 of Suzy’s PA taxes are credited back to her

• Suzy only owes $1,000 in PA taxes

• Suzy writes off $1,000 on her Federal Taxes

A Story in Haiku form:

Suzy donates to Wolf PAC
Suzy pays less tax
Wolf PAC furthers its mission!

If you are interested in more information or contributing to Wolf PAC via the EITC program, please reach out to Sarah Wittwer, Co-Executive Director, at sarah@wolfperformingartscenter.org.