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https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
The Tax Cuts and Jobs Act established a brand new deduction that allows owners of pass-through businesses, including artists, to deduct an amount equal to up to 20% of their net income from the business. This is in addition to all their other art business deductions.Estimated Reading Time: 7 mins
https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-musicians-guide-to-taxes-top-tax-deductions/L3dFXFokF
Other allowable deductions include: membership fees to professional associations, like the American Federation of Musicians professional services necessary for your business, such as lawyers' fees and tax preparation costs
https://www.artspace.com/magazine/art_101/guide/how-to-do-your-taxes-as-an-artist-55314
Mar 16, 2018 · You would be able to deduct the materials and supplies that you purchased to create your art, and any other ordinary and necessary business expenses, such as advertising, business cards, etc. You may have vehicle expenses if you drove to galleries to exhibit your work. You may have a home office deduction if you have a studio in your home."Estimated Reading Time: 6 mins
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.)
https://www.freelancetaxation.com/deductions-artists
Tax Deductible Expenses for Artists 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 Framing Gallery fees Gas …
https://www.jacksonhewitt.com/tax-help/tax-tips-topics/employment/job-specific-deductions/performance-artist/
Feb 21, 2021 · As an employee, you may qualify to deduct your work expenses as a dollar-for-dollar adjustment to income, instead of as 2% limited miscellaneous itemized deductions, like most other types of employees. To qualify, you must meet all of the following requirements: You perform services in the performing arts as an employee for at least two employers.
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. Either way, potential deductions include the following: • art equipment, such as easels, cameras, light fixtures and kilns • …Estimated Reading Time: 3 mins
https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · To figure out what your standard deduction is for this tax season, you can use this IRS provided online tool. A standard deduction for a single person is usually around $6,000 per year. According to the IRS you should only do itemized deductions when you know that it will be a larger number than the standard. If you feel that your deductions for a tax year will be larger than the standard deduction …Estimated Reading Time: 7 mins
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