Posted by Ashley Fox on January 23, 2018 at 1:44 PM
The legislation comes in response to the recently passed federal tax reform bill limiting District income and property tax deductions for residents at $10,000.
Today, D.C. Councilmember Elissa Silverman (I-At Large) introduced legislation creating a new local income tax credit for donations to the District in support of public education. The District of Columbia Education Charitable Donations Act of 2018 would support District public schools and potentially help more than 100,000 income tax filers in the District avoid a new penalty from the Republican tax bill just signed into law.
”District residents will benefit from having an additional charitable deduction on their federal returns, and the District will benefit from the charitable donation to our schools,” Silverman said. “It’s a win-win for the District and smart progressive tax policy.”Read more