Pennsylvania Schedule OC (Other Credits) is used to report Pennsylvania tax credits that are awarded directly to a taxpayer, passed through from a partnership, S corporation, estate, or trust, purchased from another taxpayer, or carried forward from a previous year.
Most Schedule OC credits require supporting documentation, such as approval letters, credit certificates, schedules, or other documentation issued by a Pennsylvania agency.
Who Should Complete Schedule OC?
Schedule OC may be completed by taxpayers who:
- Were awarded an eligible Pennsylvania tax credit.
- Received a credit through a pass-through entity, such as a partnership, S corporation, estate, or trust.
- Purchased or were assigned an eligible credit from another taxpayer.
- Are claiming a credit carried forward from a previous tax year.
Where Do I Enter Schedule OC Information?
To report Pennsylvania Other Credits:
State Section > Pennsylvania > Credits > Schedule OC - Other Credits
Enter the information exactly as shown on the credit documentation provided by the issuing agency or pass-through entity.
What Credits Can Be Claimed on Schedule OC?
The Schedule OC section includes the following credits:
Business and Economic Development Credits
- Job Creation Tax Credit
- Research and Development Tax Credit
- Keystone Innovation Zone Tax Credit
- Resource Enhancement and Protection Tax Credit
- Neighborhood Assistance Program Tax Credit
- Keystone Special Development Zone Tax Credit
- Mixed-Use Development Tax Credit
- Waterfront Development Tax Credit
- Manufacturing and Investment Tax Credit
- Pennsylvania Resource Manufacturing Tax Credit
- Beginning Farmer Tax Credit
- Airport Land Development Program Tax Credit
Education Credits
- Educational Improvement Tax Credit
- Opportunity Scholarship Tax Credit
Housing and Community Credits
- Pennsylvania Housing Tax Credit
- Historic Preservation Incentive Tax Credit
Industry-Specific Credits
- Film Production Tax Credit
- Entertainment Economic Enhancement Program Tax Credit
- Video Game Production Tax Credit
- Coal Refuse Energy and Reclamation Tax Credit
Individual and Employer Credits
- Organ and Bone Marrow Donor Tax Credit
- Employer Childcare Tax Credit
- 529 Savings and/or ABLE Account Employer Matching Contribution Tax Credit
What Information Is Needed to Complete Schedule OC?
When entering a Schedule OC credit, taxpayers may be asked to provide:
- Credit type.
- Credit certificate or award number.
- Taxpayer identification information.
- Credit amount.
- Award date.
- Carryforward information, when applicable.
Additional information may be required depending on the specific credit being claimed.
How Does Schedule OC Affect My Return?
Schedule OC credits may:
- Reduce Pennsylvania tax liability.
- Increase a Pennsylvania refund.
- Report participation in qualifying Pennsylvania tax incentive programs.
- Allow taxpayers to claim credits passed through from partnerships, S corporations, estates, or trusts when applicable.
Important Information
- Supporting documentation may be required for credits reported on Schedule OC.
- Taxpayers claiming credits received through a pass-through entity should retain documentation supporting the credit amount.
- Credits for taxes paid to another state should generally be reported on Pennsylvania Schedule G-L rather than Schedule OC.
- Pennsylvania may require additional review of Schedule OC credits, which may delay refund processing.
Additional Information
For additional details regarding a specific Pennsylvania tax credit, refer to the documentation provided with the credit award or the Pennsylvania Department of Revenue instructions for Schedule OC.