The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes a provision to promote charitable giving, please read as you consider making a gift:
COVID Stimulus Package Charitable Giving Tax Deduction:
- An "above-the-line" or universal charitable giving incentive for contributions made in 2020 of up to $300. This provision will now allow all non-itemizer taxpayers (close to 90% of all taxpayers) to deduct charitable contributions from their tax return, an incentive previously unavailable to them. Additionally, the stimulus legislation lifts the existing cap on annual contributions for itemizers from 60 percent of adjusted gross income (AGI) to 100 percent of AGI for contributions made in 2020.
Monthly payment and pledge options are available. Please contact Robin Plata at (214) 252-3915 or Robin.Plata@dallastheatercenter.org