EITC

Talk to your employer about receiving state tax credits for contributions to the JASP supporting our Japan in the Schools program. It's quite simple:

  • Please follow the detailed instructions on this PDF to apply.
  • Upon approval, make the company's donation to the JASP.
  • Receive a credit to offset business tax liability equal to 75% of the contribution for one year, or a credit equal to 90% of the contribution if company commits for two years (annual maximum of $300,000)
  • Entire contribution may be deducted 100% against federal net income, allowing the donation to cost the business nothing.

Recently passed legislation now makes all businesses eligible to participate in EITC. EITC participation can offset Personal Income Tax of S-corporation shareholders, partnerships and limited liability company members. So whether you work for a major corporation or you own your own small business, "pass-through" entities can receive the credit.

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