If you itemize your taxes then your philanthropic donations are deductible from your taxable income. New tax laws are increasing the threshold for itemizing deductions, but if you are still able to itemize, your deductions will still be deductible. That applies mostly to high income earners; the wealthy. If you and your family are middle income earners, you may be experiencing a change from the new tax laws. Increased standard deductions means you don’t have to itemize to get the same, or possibly a greater reduction in taxable income, so if you don’t make the charitable donations, you still reap the benefits. The deduction is now “baked in”, as it were.

How To Count Money provides artists, art collectors, and organizations the tools and information they need to manage their careers, art collections, finances and lifestyles.

11 black artists.png
 
fico scores.png
FINANCE

If you make one new year's resolution, make an investment in your financial future.

 

Here are 7 smart financial moves for 2020.

1. Refinance student loans

Student loan refinancing rates are absurdly cheap right now, and start at 1.9%. If your interest rate is higher, then it’s definitely worth considering student loan refinancing now.

There are many ways to pay off student loans. When you refinance student loans, you consolidate your existing student loans into a new, single student loan with a lower interest rate and single monthly payment. There are no fees to refinance student loans, and no prepayment penalties means you can pay off your student loans earlier. With student loan refinancing, you can choose a fixed interest rate or variable interest rate, and can choose a loan repayment term between 5 and 20 years. If you think you’ll need income-driven repayment plans, forbearance or deferral, then you may not want to refinance your federal student loans. However, many student loan refinance lenders allow you to pause payments if you face financial hardship or lose your job.

Read more

Article Source: Zack Friedman Senior Contributor

FORBES.com

hunters-race-MYbhN8KaaEc-unsplash.jpg

Photo by Hunters Race on Unsplash

the are of tax for artists.png

Discussing art and taxes simultaneously seems immoral. It actually makes me feel dirty, but the tax thieves have no respect for art or beauty or anything, so here we go.

Read more

Don’t make it harder, or more expensive,

Someone very smart once said to me that it’s a good idea to live like you have a lot of things to do. I like that idea. I can’t die now or any time soon. There is too much to be done.

Read more

Understanding Long-Term Care
Recommended Associates
Contact us today to discuss adding your profile to our Recommended Associates area. 
urban-mindz.jpg

Urban Mindz

Urban Mindz promotes the creativity, empowerment and entrepreneurial pursuits of those molded or inspired by urban culture.

Urban Mindz

Theresa Todman

Proprietor

B&M Financial Management Services

Reliable accounting, QuickBooks, bookkeeping and tax preparation services located in USA.

Kathryn Waggener McGuire

Owner and Director, Clerestory Fine Art

Clerestory Fine Art

Clerestory Fine Art showcases artists from Montclair and surrounding northern New Jersey towns by presenting museum-quality work and collaborating with local arts organizations and collectors.

mobilehelpfamily.png

ADVERTISEMENT

 

YOU NEED TO FORM AN LLC

WE ARE HERE TO HELP

TAX BENEFITS • FINANCIAL BENEFITS • REMOVES LIABILITY

Family Financial

Management Practice

Family Matters

Relationships can be complicated so let your team of lawyers work out the details.

  • Uncontested Name Change Assistance*

  • Uncontested Adoption Representation*

  • Uncontested Separation/Divorce Representation*

Standard Will Preparation

• Will preparation/annual reviews and updates

• Living Will

• Health Care Power of Attorney

• Durable Power of Attorney

*These services are available 90 consecutive days from the effective date of your membership. This plan provides personal legal assistance; however plans providing business services are also available.

ADVERTISEMENT

Family Financial

Management Practice

Contact Family Financial Management Practice TODAY to begin your will.
(973) 239-7800
mobilesmart.png

ADVERTISEMENT

Family Financial

Management Practice

 
There is only one success:
To be able to spend your
life your own way.
~Christopher Morley
Lifestyle Matters
 
LIFESTYLE

Get fresh, weekly content on relevant financial lifestyle matters.

Image courtesy of Arts Unbound
Artwork Archive

Sign up now to claim your

20% discount for your first year!

Artwork Archive - Neiman Marcus

ADVERTISEMENT

 

To acquire money requires valor, to keep money requires prudence, and to spend money well is an art.

- Berthold Auerbach

Arts Unbound
 
ART
Featured Event

Currently on View at

DANZIGER GALLERY

New York, NY

POSED: SEYDOU KEÏTA, DANA LIXENBERG, SUSAN MEISELAS, IRVING PENN
sybil archibald.png
CALL_TO_ARTISTS_2020.1-page-001_mhiocw.j
 
 

Deadline: January 22, 2020

artist 2020 grant guide.png

If you are seeking time away from your routine and obligations to create work in a new environment with new influences, a residency might be more your speed. Residencies vary in their offerings and funding, so make sure to check the fine print section of each listing.

 

Finally, take a look at some of our favorite calls-for-entry and opportunity sites to search, and learn how to make sure your portfolio and professional documents are ready to apply.

 

We will be updating this list throughout the year, so make sure to bookmark the page, check back often and let us know if there is an opportunity that should be listed!

Opportunities for everyone. 

Each year we send our team on a mission to find the best opportunities, artist grants, and calls-for-entry for artists. From that, we present you a list of the top international open calls, residencies, fellowships, and awards that we believe will benefit artists during the upcoming year.

The complete list is broken down into four categories: grants, residencies, calls-for-entry, and opportunity sites.

Applying for artist grants is a great way for artists to supplement their income to ease the financial burden that often comes as part of being a working artist. These grants listed help artists pay for materials, studio space, or even their rent, allowing artists the time to make work without the day-to-day pressure of paying bills—giving them the freedom to make work in an unrestricted manner and dedicate their time to being fully creative. 

LOCATION

Danziger Gallery

95 Rivington Street

New York, NY

USA

DATES

Now through January 18, 2020

   
The exhibition “Posed” looks at four photographers –Seydou Keïta, Dana Lixenberg, Susan Meiselas, and Irving Penn - who posed their subjects in uniquely personal and artful ways.  The decisions for any photographer when making a posed portrait are myriad - they can be conceptual or instinctive, formal or reactive ...

Learn more

Seydou Keïta.png

ADVERTISEMENT

(I didn't know they did that!)

Artwork Archive offers you a better way to catalog and manage your art collection. BUT... they do a whole lot more!

A BETTER WAY TO ORGANIZE & MANAGE YOUR ART CAREER

Artwork Archive is an art inventory platform that artists use to track their artwork, showcase their portfolio and grow their business.  Read more

DOCUMENT THE IMPORTANT DETAILS OF YOUR COLLECTION

Our simple yet powerful online software helps collectors digitize and organize pieces online for advanced art collection management. Learn more about documenting and safeguarding your investment with Artwork Archive.     Read more

PREMIER ART COLLECTIONS MANAGEMENT SOFTWARE

Stay organized & save time with industry leading tools.

Artwork Archive’s simple, yet powerful collection management software helps you organize your art so you can manage, document, share and safeguard your collection. It’s an ideal solution with advanced provenance tracking, multi-user support and accessibility on any device.

Read more

Featured Artist
CASEY-BLUE CHERRY

Texas, USA

My name is Casey. As an up-and-coming artist, I enjoy painting with acrylics and the Japanese crochet craft of Amigurumi.

 
moon glow.png
quick books self employed.png

SPONSORED BY FAMILY FINANCIAL MANAGEMENT PRACTICE

"A little sleep, a little slumbering, a little folding of the hands to rest, and your poverty will come like a bandit, and your want like an armed man." - Proverbs 24: 33, 34 NWT

  • Facebook
  • Linkedin
  • Pinterest

SOCIAL

  • Facebook
  • LinkedIn
  • Pinterest

CONTACT

PHONE:

973-239-7800

CONTACT:

Send an email

HOT LINKS

SPONSORS AND ASSOCIATES

Arts Unbound

Family Financial

Management Practice

Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. 

© 2018-2019 Family Financial Management Practice