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Hyperallergic

Hyperallergic

Sensitive to Art & its Discontents

Taxes

Posted inNews

Pennsylvania and Washington Become the First US States to Tax NFTs

Avatar photo by Jasmine Liu September 6, 2022September 6, 2022

Crypto assets present a challenge for taxation, with the ecosystem notoriously murky when it comes to the identities of buyers and sellers.

Posted inOpinion

How a Property Tax Helped Transform the Detroit Institute of Arts

Avatar photoAvatar photo by Salvador Salort-Pons and Eugene Gargaro May 23, 2021May 21, 2021

Our millage funding model, based upon responsiveness and accountability, is a successful paradigm that has sustained the DIA and benefitted our region.

Posted inNews

Free Online Workshops Help Artists Navigate Finances During COVID-19

Avatar photo by Valentina Di Liscia April 13, 2020

Zoom sessions hosted by Art World Conference seek to economically guide artists and independent cultural workers during the months to come.

Posted inComics

Little-known Tax Write-offs for Artists

by Jack Sjogren March 4, 2019March 1, 2019

Every sketchbook you bought on impulse.

Posted inArt

Translating the New Tax Bill for Small Businesses

Avatar photo by Hannah Cole December 27, 2018March 11, 2020

Can small business owners and freelancers benefit from the business deduction in the government’s new tax bill?

Posted inArt

No, You Can’t Get a Tax Deduction for Artwork You Donate to Charity

Avatar photo by Hannah Cole October 24, 2018March 11, 2020

Some arts organizations misleadingly suggests that artists can get tax deductions for works they donate to charity. Here’s why that’s unfortunately not the case.

Posted inArt

Why Can’t Artists Deduct Donated Artworks from Their Taxes?

by Sheila Regan March 22, 2016March 23, 2016

Artists are constantly being promised exposure, glory, connections, gratitude, and other intangible benefits in exchange for giving their artwork away for free.

(gif via Giphy)
Posted inIn Brief

Obama Administration’s Tax Reforms Target Art Collectors

Avatar photo by Benjamin Sutton April 27, 2015April 27, 2015

The Obama administration is looking into ending a tax break that has been heavily exploited by buyers and sellers of art.

Posted inIn Brief

Spain’s Art-for-Taxes Program Only Works When the Art’s Good

by Becca Rothfeld January 26, 2015January 23, 2015

If taxes sound taxing to you, consider this alternative: move to Spain, purchase valuable and culturally significant artworks, and donate them to the Spanish government in lieu of tax. Just make sure they’re really significant artworks.

Posted inArt

Tax Tips for Artists

by Laura C. Mallonee April 14, 2014April 16, 2014

T.S. Eliot’s claim that April is the cruelest month feels particularly true during tax season. Assuming you’re an artist in the United States who makes at least $10,000 a year, you may be scrambling to file your return before tomorrow’s deadline.

Posted inNews

Anarchy in the UK Art Market

by Mostafa Heddaya January 14, 2014January 15, 2014

All is not well in Albion, where the business of art is apparently getting ever more lugubrious.

Posted inNews

Italy to Offer Tax Deduction for Book Buyers

by Jillian Steinhauer December 27, 2013January 1, 2014

The Italian government has unveiled a master plan for attracting foreign investment, and for some reason, it includes a tax rebate for people who buy books!

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