Form REV-1123 Educational Improvement / Opportunity Scholarship Tax Credit Election Form - Pennsylvania

What Is Form REV-1123?

This is a legal form that was released by the Pennsylvania Department of Revenue - a government authority operating within Pennsylvania. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the REV-1123 form?
A: The REV-1123 form is the Educational Improvement/Opportunity Scholarship Tax Credit Election Form in Pennsylvania.

Q: What is the purpose of the REV-1123 form?
A: The purpose of the REV-1123 form is to apply for a tax credit for contributions made to an Educational Improvement Organization (EIO) or Opportunity Scholarship Organization (OSO) in Pennsylvania.

Q: Who can use the REV-1123 form?
A: Taxpayers in Pennsylvania who want to claim a tax credit for donations made to an Educational Improvement Organization (EIO) or Opportunity Scholarship Organization (OSO) can use the REV-1123 form.

Q: What information do I need to provide on the REV-1123 form?
A: You will need to provide your personal information, the EIO or OSO you made contributions to, and the amount of your contributions on the REV-1123 form.

Q: Is there a deadline for submitting the REV-1123 form?
A: Yes, the deadline for submitting the REV-1123 form is typically May 15th of the year following the tax year for which you are claiming the tax credit.

Q: Are there any eligibility requirements for claiming the tax credit?
A: Yes, there are eligibility requirements for claiming the tax credit, such as income restrictions and specific criteria for the EIO or OSO you made contributions to. It is advisable to review the instructions provided with the REV-1123 form or consult with a tax professional for specific details.