Is buying Art a tax write-off?
"YES, you can claim a tax deduction for Art." Buying Art for your business can be claimed as a complete write-off of business assets. This means if the tax department defines your business as small, then you can claim as many individual works of art as you like, as long as they are less than $20,000 each.
"Reduce the amount of your Art purchase."
This means you can reduce your taxable income by the amount of your art purchase and spread out the cost of your investment over time.
Additionally, art can be an excellent investment, as it may appreciate in value, giving you a return on your initial investment.
Don't miss this opportunity to enjoy the beauty of art in your business home office and save money on your taxes! Use the Contact Form to learn more about the benefits of investing in Art. Ask the Artist!