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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.
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.
https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-musicians-guide-to-taxes-top-tax-deductions/L3dFXFokF
Deductions often overlooked by musicians are the costs of such things as tickets, transportation, and parking, incurred when you attend other musicians' performances. You attend these performances in order to enjoy them, but also to learn about …
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.
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.artistsnetwork.com/art-business/tax-deductions-for-artists-art-business/
Apr 06, 2015 · Question: As a working artist, what deductions can I take on my earnings? 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.
https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · Oh, deductions! The joy! A tax deduction arises due to various types of expenses you’ve had throughout the year. There's a whole bunch of things that are considered to be tax deductions, but some of the most common deductions are expenses on your business, medical expenses, property taxes, and charitable donations.
https://itsartlaw.org/2019/09/18/art-donations-101/
Sep 18, 2019 · Professional artists—i.e. artists who can demonstrate having gained a profit from their artworks—can generally deduct the cost of materials used to create an artwork from their taxable income as a business expense rather than a charitable donation.
https://www.thetaxadviser.com/issues/2016/apr/charitable-contributions-of-artwork-primer.html
If A donates the artwork to a public charity that operates with a purpose of saving endangered wildlife or if A donates it to a private charity, the deduction would …
https://www.irs.gov/publications/p529
You can deduct a casualty or theft loss as an itemized deduction on your Schedule A (Form 1040), if the damaged or stolen property was income-producing property (property held for investment, such as stocks, notes, bonds, gold, silver, vacant lots, and works of art).
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