Artists Seeking Better Tax Breaks for Donated Works

June 13th, 2015

Following the example of collectors seeking tax breaks for their donation of art works to museums, artists themselves are seeking more equitable tax treatment for donating works.  While collectors currently can claim fair market value for the works they donate, artists themselves can only write off the cost of materials.  “It seems to me there is a discrepancy in treatment there”, says Philippe Vergne, director of MOCA. “What’s extraordinary is that artists keep giving.” 

Read more at Art Newspaper