Pennsylvania Treasury Launches New Employer Tax Credit Program

The Pennsylvania Treasury is pleased to announce Pennsylvania’s New Employer Tax Credit for matching contributions to employee PA 529 and PA ABLE accounts. The new employer tax credit encourages Pennsylvania employers to contribute to their employees’ PA 529 and ABLE accounts.

Beginning in January 2025, Pennsylvania employers will be eligible to claim a 25% state tax credit against the aggregate amount of all matching contributions to employee 529 and ABLE accounts of up to $500 per employee per tax year.

For more information, contact Jolene Miraglia, Regional Program Manager, Pennsylvania Treasury at jmiraglia@patreasury.gov or visit patreasury.gov/consumer.