| Contribution | Tax Credit | Estimated Net Cost |
|---|---|---|
| $1,000 | $900 | $100 |
| $5,000 | $4,500 | $500 |
| $10,000 | $9,000 | $1,000 |
Even if your Pennsylvania taxes are already withheld through your paycheck, you still receive the credit – as a refund after you file your tax return.
Most participants find the net cost to be significantly lower than expected when compared to their total PA tax liability.
Want to see your personalized net cost? Use the BLOCS tax credit calculator