Abu Huraira reported: The Messenger of Allah, peace and blessings be upon him, said, “When the human being dies, his deeds end except for three: ongoing charity, beneficial knowledge, or a righteous child who prays for him.”

PA State Tax Credit – Suffah Academy approved PA State Scholarship Organization.

Through the establishment of Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs, donors can receive up to a 90% tax credit against their personal PA state tax liability by making their gift to Suffah Academy.

Business can receive tax credits by contributing to a Scholarship Organization, and Suffah Academy is an approved organization by the PA State. Companies wishing to take advantage of this tax credit program can directly donate to “Suffah Academy.” These credits are applied to the company’s Pennsylvania tax liability for the year the donation is made.

An individual who wishes to take advantage of this tax-credit program may become a member of the program and receive K-1 form and are then applied to your PA tax liability for the tax year in which the donation is made to get 90% tax credit.

What types of taxes can be offset by this credit?

Individuals who pay Pennsylvania income taxes and businesses that are authorized to do business in Pennsylvania who are subject to one or more of the following taxes:

• Personal Income Tax, Sub-chapter S-corporations and other “pass-through” entities will be able to use the credit against the shareholders’, members’, or partners’ PA personal income taxes
• Corporate Net Income Tax
• Malt Beverage Tax
• Bank and Trust Company Shares Tax
• Insurance Premiums Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
• Mutual Thrift Institutions Tax
• Title Insurance Companies Shares Tax
• Retaliatory Fees under Section 212 of the Insurance Company Law of 1921