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Oregon’s Cultural Tax Credit Is More Valuable Than Ever!

By Southern Oregon Artists Resource, 1974 contributed posts
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About the author: SOAR: The Southern Oregon Artist's Resource is a directory of Southern Oregon artists, artisans and those who serve them and calendar of their art events, and Art Matters!, our blog posting Southern Oregon art events and matters of interest to artists, enthusiasts and patrons of the arts near and far. SOAR was created and is maintained by art advocate and web designer Hannah West in Jacksonville, Oregon to promote our diverse and talented arts community to our visitors and the rest of the world.
A Cultural Trust donor since 2003, McLaren makes her donation to the Cultural Trust online using some Required Minimum Distribution funds from her retirement. “That way I avoid taxes on those funds,” she says. “The Cultural Trust is the best investment Oregonians can make in their culture,” says McLaren. “It’s a no brainer when a donation that nurtures a worthy nonprofit also provides a significant tax advantage to the donor.”

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Double the impact of Giving Tuesday! If you participated in #GivingTuesday with a gift to any one or more of these cultural nonprofits, you are eligible to double the impact of your gift with Oregon’s Cultural Trust tax credit. There’s no reason to wait until the end of the year to match these gifts. Click to Give Now.

New tax laws make cultural tax credit more valuable

The recent change in federal tax laws had the unintended consequence of discouraging charitable giving by reducing the number of taxpayers claiming a deduction for their gifts, which makes the Cultural Trust tax credit an even more important tool for Oregon taxpayers. The tax credit is unaffected by the 2018 tax law changes. Working with the Oregon Department of Revenue, the Trust recently posted frequently asked questions

Continue reading Oregon’s Cultural Tax Credit Is More Valuable Than Ever!

December 15th, 2019 | Tags: , , , , , , , | Category: Art Benefiting Community, Art Community Posts, Art Education in Schools, Art for Healing, Art From the Heart, Art Matters...to Everyone!, Arts Advocacy, Benefits & Charities, Oregon Cultural Trust | Leave a comment