Art and collectibles are subject to a 28% long-term federal capital gains rate, compared to a top rate of 20% for stocks and other investments assets. Add on the 3.8% Net Investment Income Tax and ...

PHILADELPHIA (WPVI) -- The AARP Foundation has 21 tax aid offices in Philadelphia where low and moderate income seniors can get help filing their taxes for free. The tax preparers are all volunteers.

Artists have gone to Tax Court with claims that they are not just hobbyists and won. Back in 1977, a precedent-setting decision was handed down with regard to a painter, ...

The article discusses tax implications for gifting pieces of art to tax-exempt charities, specifically focusing on how donors are able claim deductions, however art dealers and artists are hit ...

This year’s New York art auctions disappointed. The $1.4 billion in spring sales were 22% lower than 2023, and off 36% from 2022, according to the industry publication Ocula. There is plenty of ...

Tax Implications: Art is subject to estate taxes, which can be significant if a collector ’ s holdings represent a large percentage of their wealth. Capital gains tax on artwork can be as high ...

Miami’s proposed public art program would unfairly tax private developers, critics say. At the top of the scale, projects with construction costs of $15M or more would have to place art ...

A conservative think tank, The Buckeye Institute, said that one place in Ohio where we shouldn’t be spending tax dollars is the arts. But what it sees as wasteful, others deem essential.

Non-Standardized Tax Rates. Across the EU, taxes on art purchases from galleries and auction houses remain wildly non-standardized between countries, ranging from a VAT rate of 21 percent in Italy ...