Did you know that a gift to the Arts Alliance may actually reduce your taxable income?
The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27, 2020 to help offset the impacts of COVID-19. This bill also included special provisions to incentivize charitable giving to encourage Americans to continue supporting the causes they care about, even in these challenging times.
As part of the CARES Act, individuals who do not itemize their deductions can deduct up to $300 in donations on their tax returns, and married couples who file jointly can deduct up to $600 in donations!
As you are able, continuing to donate to non-profits and the charitable organizations who rely on your support to survive is critical, especially as we weather the ongoing effects of the pandemic.
We would be honored if you would consider making a gift to the Arts Alliance to help support our mission.
Then, be sure to speak with your tax preparer to claim your deduction!