collegefund

Act 529 Savings Plan

The recent tax reform law created a great opportunity for Christian schools and families. The Tax Cuts and Jobs Act was signed into law December 22, 2017. A law in which has been widely supported across the Christian school and non-public school movement.
The new law expanded 529 savings plans so that they now allow savings for K–12 tuition expenses. The maximum distribution for K–12 tuition is $10,000 per year per child for expenses incurred beginning January 1, 2018. This means current account owners may begin using these funds immediately for K–12 tuition! (Be aware that Pennsylvania is still updating the laws so Pennsylvania’s state tax treatment may not yet be finalized.)
The practical effect of the change is that, beginning January 1, 2018, parents can begin to save for both college expenses and for K–12 tuition expenses and the earnings will grow free of federal tax. Special federal tax provisions exist for treatment of gifts to 529 savings plans so that even grandparents or extended family may contribute. This is a huge benefit you may want to talk to a tax accountant about in order to better plan for your continued enrollment at Salem Christian School.
Sources:
CAPE-PA, ACSI, Legislative Update, and NY Times.
Share : Share on FacebookShare on TwitterShare on GooglePlusShare on PinterestShare on Linkedin
enrollment

Re-Enrollment

Re-enrollment Begins February 1, 2018. We anticipate some of our grades to reach capacity, please be sure to get your re-enrollment completed quickly.
All of the information you have for each of your children and family is already present in RenWeb. You will simply need to update anything that is incorrect, download the non-public school state forms, and submit the family enrollment fee.
  • You will find the Enrollment/Re-enrollment tab that directs you to the enrollment packet within the Family Information section of ParentsWeb.
  • A new page will open with the names of your children and an option to Start Enrollment Packet or Will Not Enroll.
Once you begin a packet you will be walked through the process page by page. Most of the information will already be there. Please be sure it is up to date.
Feedback will be provided throughout the process to help you complete the enrollment packet.
During the process you will need to choose your tuition payment plan and download the documents. Each child is enrolled separately; therefore, you could potentially pick a different plan for each child. If need be, the school will assign you one plan for the family.
After you have completed the enrollment packet, a Submit Enrollment Packet and Make Payment form will appear. Upon submission of the $150 family enrollment fee, you will receive an email confirmation.
In order to complete the enrollment process, please complete the checklist items listed below, including submission of all supplemental enrollment forms.
Submit completed supplemental forms:
If you have any questions about the process or would prefer paper processing, please feel free to contact the school at schoolinfo@salemchristian.org and/or 610-966-5823.
Share : Share on FacebookShare on TwitterShare on GooglePlusShare on PinterestShare on Linkedin

Parent Teacher Fellowship

Our private Christian school offers significant opportunities for parents to make a difference in their children’s educational environment. For more information about Salem Christian School’s PTF (Parent Teacher Fellowship) chair at PTF@salemchristian.org.
If you are looking to sign-up, the PTF has created an online ability for you to sign up for.  And, they will get back to you.
The parent-teacher relationship is central to life at Salem Christian School.  The PTF  exemplifies the desire to connect parents and the school so that Salem Christian School fosters an environment where each child flourishes.

Each family enrolled at Salem Christian School is a member of the PTF.  Parents serve in classrooms, participate on committees, plan events, and coordinate projects. This active involvement ensures the continued excellence of the academic and enrichment environments for our students.

Purpose

  • To promote and conduct itself with in the SCS vision statement: To assist parents in developing a God-centered worldview in their children by providing a vibrant education and spiritual environment where Godly character and unity in Christ can flourish, thereby enabling students to serve God and impact the world through biblical thought and action.
  • To provide a structure in which parents and staff can work together to achieve the purposes of the School. And is comprised of Volunteer parents who desire to serve the staff, students and their families in a way that glorifies Christ.  As such, the PTF should conduct itself in light of the vision, objectives and desires of Salem Christian School.
  • To encourage fellowship and connectedness for all families of SCS.

Objectives

  • Strengthen the unity among parents/students/staff
  • Encourage and support educational activities
  • To provide an opportunity for the parents to serve in the ministry of the school through leadership, participation, prayer and encouragement of one another.
  • Further develop the educational resources and enhancements of the school that yearly tuition does not cover.

Here is a list of SCS PTF events:

 

  • Room Parents
  • New Student Orientation
  • Back to School nights (EL, MS, HS)
  • Picture Day
  • Christmas Concert
  • Grandparents Day
  • Parent Connections Night
  • Teacher Appreciation Week
  • Book Fairs
  • Elementary Christmas Store
  • Fine arts evening
  • SCS Fair
  • Fun Fridays

Fund Raising: EL Christmas Store, SCS Fair, Box tops & Fun Fridays

Share : Share on FacebookShare on TwitterShare on GooglePlusShare on PinterestShare on Linkedin

E. I. Tax Credit

Educational Improvement Tax Credit

Businesses

EITC Guidelines

Tax credits to eligible businesses contributing to a Scholarship Organization, an Educational Improvement Organization, and/or a Pre-Kindergarten Scholarship Organization.

EITC
Click here for an EITC brochure.

Business Application Timeline

  • May 15 – Business applicants who have fulfilled their 2-year commitment and wish to reapply in FY 14/15 to renew their 2-year commitment.
  • May 15 – Businesses who are in the middle of their 2-year commitment.
  • July 1 – All other businesses including Pre-K business applications.

Pass-through entities, such as S-Corporations, Partnerships, LLCs, etc., can now apply the same day as C-Corporations. Applications must be submitted electronically using DCED’s Single Application for Assistance. Paper business applications will no longer be accepted. See the business application guide in the box above.

EITC Guidelines

Uses

Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made.

Funding

Tax credits equal to 75 percent of its contribution up to a maximum of $750,000 per taxable year. Can be increased to 90 percent of the contribution, if business agrees to provide same amount for two consecutive tax years. For contributions to Pre-Kindergarten Scholarship Organizations, a business may receive a tax credit equal to 100 percent of the first $10,000 contributed and up to 90 percent of the remaining amount contributed up to a maximum credit of $200,000 annually.

Eligibility

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:

  • Corporate Net Income Tax
  • Capital Stock Franchise Tax
  • Bank and Trust Company Shares Tax
  • Title Insurance Companies Shares Tax
  • Insurance Premiums Tax
  • Mutual Thrift Institution Tax
  • Insurance Company Law of 1921
  • Personal Income Tax of S corporation shareholders or Partnership partners

Terms

An approved company must provide proof to DCED within 90 days of the notification letter that the contribution was made within 60 days of the notification letter. Tax credits not used in the tax year the contribution was made may not be carried forward or carried back and are not refundable or transferable.

How to Apply

Businesses

Pennsylvania businesses can begin applying for EITC credits through DCED’s electronic single application system. DCED will no longer require applicants to mail the signed signature page.

The business application guide explains the process of applying. Tax credit applications will be processed on a first-come, first-served basis by day submitted. All applications received on a specific day will be processed on a random basis before moving on to the next day’s applications. Applications will be approved until the amount of available tax credits is exhausted.

Share : Share on FacebookShare on TwitterShare on GooglePlusShare on PinterestShare on Linkedin