Better Tax Break for Artists

As many of you know, if we donate our artwork to a non-profit organization we can only deduct the cost of materials. However, the times, they are a' changin'.

There are currently identical, bi-partisan bills pending in the US House and Senate to amend the Internal Revenue Code and allow artists to deduct the fair-market value of works donated to non-profits. Although there are a few requirements and restrictions, I see these bills as a step in the right direction. They may not be exactly what we'd like to see but, if passed, the tax situation would be better than it is currently.

If you would like to support this legislation, then go to Advocate for the Arts and fill out the form that sends an email or letter (your choice) to your Senators and Congressman.

The full text of the bill (surprisingly short! ), can be found here.

Always in support of tax breaks ,

CAZ

Thanks CAZ. Certainly can't hurt!

Thanks for posting this CAZ! Personally I think this important thread could be also posted in the photo marketing and general business forums in order to get more responders. Thanks, Randy