It’s tax time! And once again, you’re wishing you could deduct the full value of the art donations you have made over the past year. Too bad. You, the artist, can still only deduct the cost of your materials here in the U.S.
Ready to do something about that?
The Artist Deduction Bill has been introduced in both the House and the Senate, which would allow you to do just that: deduct the fair-market value of your work. Visit Americans for the Arts to have a letter sent to your Senators and Congressperson.
You can’t complain if you don’t act.