State and Federal Tax Credit Advice

Pennsylvania Educational Investment Tax Credit

Jed has worked closely with Pennsylvania businesses that have taken advantage of Pennsylvania’s Educational Improvement Tax Credit program. This is a program that allows individuals and businesses to receive a 90% state income tax credit for amounts given to select private schools and other 501(c)(3) organizations.

Jed Silversmith has extensive experience assisting individuals and businesses in taking advantage of various federal and state credits.

Federal Employee Retention Tax Credit

The federal employee tax credit is an employment tax credit available to employers who continued to employ workers during the pandemic. To be eligible, a business must see a decline or gross receipts or be impacted by a government order that had more than a nominal restriction on operations. Thus, the credit is available to certain businesses even if their revenue did not decline. Further, a business may take advantage of this credit even if the business received PPP funds. Jed has helped a range of businesses (including non-profits) navigate this program which can provide a much-needed boost to the fiscal bottom line.

Transferable Tax Credits

Jed also partners with licensed tax credit brokers who market Pennsylvania state income tax credits including the following Pennsylvania credits:

  • Historic preservation tax credits
  • Research and Development
  • Keystone Opportunity Zone
  • Keystone Innovation Zone (KIZ) Tax Credits
  • Film Tax Credits

 (Jed Silversmith is not currently licensed with the Commonwealth of Pennsylvania to broker these transactions)