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Tax Deductions for Artists Nolo

    https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
    A self-employed artist may deduct any expense that is: directly related to the art activity; ordinary and necessary, and; not lavish or extravagant under the circumstances. Common deductions by artists include the following: Business Travel: Artists often travel out of town, or even out of the country, to work or show their art. You may deduct all reasonable expenses you incur when doing so.

Tax Deductible Expenses for Artists Freelance Tax

    https://www.freelancetaxation.com/deductions-artists
    Artists: Use this list to help organize your art tax preparation. This is a basic list of typical expenses incurred by artists. You may have others. Art supplies Books, magazines, reference material Business gifts Business insurance Business meals Cabs, subways, buses Copying, printing Cultural events/ museum entrance fees Entry fees Equipment and software Film & processing […]

Deductions For Artists In 2020 Hurdlr

    https://www.hurdlr.com/resources/industry/artist
    Interest Expense Tax Deduction. Interest expenses you incur as an artist may be tax deductible. This includes your studio and any other expenses your business may have.

IRS Form 2106: What Is It?

    https://www.thebalance.com/qualified-performing-artists-tax-deduction-3192993
    Nov 30, 2020 · The deduction is reserved for a few select workers, including performing artists who work as employees. Employees used to have two options for claiming job-related expenses as a tax deduction. They could take this above-the-line deduction, or they could claim an itemized deduction for unreimbursed job expenses for W-2 income.

Qualified Performing Artist Deduction - Wikipedia

    https://en.wikipedia.org/wiki/Qualified_Performing_Artist_Deduction
    In United States tax law, certain performing artists are eligible to deduct the expenses incurred in the course of their employment by § 62 (a) (2) (B) of the Internal Revenue Code. This is an "above the line" deduction, meaning that it is used while computing a taxpayer's Adjusted Gross Income.

Tax Deductions for Performance Artists

    https://www.jacksonhewitt.com/tax-help/tax-tips-topics/employment/job-specific-deductions/performance-artist/
    Feb 21, 2021 · No deduction is allowed for expenses for clothing, general make up, hair care, or physical fitness to maintain an image. You may be able to reduce your taxes by deducting unreimbursed, work-related expenses.

Publication 529 (12/2020), Miscellaneous Deductions ...

    https://www.irs.gov/publications/p529
    If you are a qualified performing artist, you can deduct your employee business expenses as an adjustment to income rather than as a miscellaneous itemized deduction. For example, musicians and entertainers can deduct the cost of theatrical clothing and …

Tax Advice for Artists, Art Business

    https://www.artistsnetwork.com/art-business/tax-deductions-for-artists-art-business/
    Apr 06, 2015 · Leonard D. Duboff’s Answer: All of the ordinary and necessary expenses you incur in connection with your art business are deductible, though, if you’re engaged in a hobby rather than a business, you can take deductions only to offset income from your art hobby.

Instructions for Form 2106 (2020) Internal Revenue Service

    https://www.irs.gov/instructions/i2106
    Form 2106 may be used only by Armed Forces reservists, qualified performing artists, fee-basis state or local government officials, and employees with impairment-related work expenses because of the suspension of miscellaneous itemized deductions subject to the 2% floor under section 67(a) by P.L. 115-97, section 11045.

The Artist’s Guide to Tax Deductions Artwork Archive

    https://www.artworkarchive.com/blog/the-artist-s-guide-to-tax-deductions
    Any hard materials you use to make your artwork can be deducted from your taxes. This includes your supplies, raw materials, electricity that might be used to create your work, and frames. These materials are generally things you use up within the year (think paint, clay, glaze, canvases, etc.)

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