Art Donation

Discover how donating artwork in your estate plan can reduce taxes, support causes you care about, and preserve your cultural legacy for future generations.

How much can I deduct for donating artwork to charity?

When you donate artwork to a qualified charitable organization, you can typically deduct the fair market value as determined by a qualified appraisal. For artwork valued over $5,000, you'll need a formal appraisal and must file Form 8283 with your tax return. The deduction amount may be limited to a percentage of your adjusted gross income, with any excess potentially carried forward for up to five additional years.