Taylor will donate 20 percent of net sales from the capsule to support the creation and distribution of colorful face masks to New York City public schools.
This is the first time the designer is not showing a collection during New York Fashion Week.
Retail prices range from $60 for a bikini bottom to $125 for one-piece swimsuits.
Many firms are offering their spring/summer merchandise at discounted prices on their e-commerce sites to drum up business.
For the first time, the brand is skipping out on a NYFW event, opting to instead show its new collection via YouTube.