Donating Your Work isn't a Charitable Deduction

As we approach the upcoming holiday season, I wanted to chat about an important topic that comes up often: donating your artwork to a charitable organization and what that means for your taxes. 

 

Join me today in this important episode as I explain what donating your artwork to charity means during tax time and why nonprofits need to be aware of the tax implications of charitable donations for artists. I also give you some tips on how you can still be charitable without feeling exploited. 

 

Also mentioned in today’s episode: 

 

• Donating your work to charity and the tax implications 1:38

• Deducting materials on your taxes 5:32

• How you can donate to charity without feeling exploited as an artist 6:58

• Why nonprofits need to be more transparent and ethical when asking for donations from artists 10:31

If you enjoyed this episode, please rate, review and share it! 

 

Links:

 El Anatsui: https://elanatsui.art/