Thursday, March 20, 2008

Artist Deduction

I have never mentioned politics on this blog, but here in the US, this is a biggie. And I am talking about fair value tax deductions for donations of art. The way the law currently stands, every time you donate a piece of your art, all you can deduct is the cost of materials. So, for my current 12x12 donation to Art St. Louis (retail value of $195), I can only deduct the cost of my canvas or about $15. Fair? I think not. There is a bill up in the Senate to finally change this so we could deduct the fair value. Mind you I am not a tax expert (lol, just the thought of that humors me), but I have checked this out and talked with my financial wiz hubby and I think I am explaining it right.
So, if you would like to see the law changed, click on the link below. This will take you to a box where you can enter your zip code and an email will be sent to the Congressmen/women for your state. It's pretty easy. And wayyyyy worthy especially if you ever donate your artwork as so many of us do. Here's the link:
Artist Deduction Bill
All you need to do is enter your zip code in the little box and then fill out a quick form. It will be emailed to the Senators from your state.


  1. This has always bugged me. Thanks for calling our attention to how we can take steps to change it!


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