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https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
If you're a professional artist, there are many deductions you can take to reduce your taxable income for the year, and thereby reduce your taxes. Such deductions are quite valuable--for example, if you're in the 22% tax bracket, each $100 in deductions saves you $22 in income tax.
https://www.irs.gov/publications/p561
Your deduction for contributions of paintings, antiques, and other objects of art, should be supported by a written appraisal from a qualified and reputable source, unless the deduction is $5,000 or less.
https://www.jacksonhewitt.com/tax-help/tax-tips-topics/employment/job-specific-deductions/performance-artist/
Feb 21, 2021 · Examples of some of the work-related items you may be able to deduct include: Promotional expenses such as business cards, audition tapes, professional publicity photos, resumes, portfolios, and... Amounts paid to others such as pay for a personal assistant, agent or manager commissions, and ...
https://www.thebalance.com/qualified-performing-artists-tax-deduction-3192993
Nov 30, 2020 · Filing IRS Form 2106 with your federal Form 1040 tax return allows you to claim an " above-the-line " adjustment to income for "Employee Business Expenses." 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.
https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · You will be asked to qualify your art income as either a hobby or a business. You can check out the leading questions the IRS provides for this decision here. Standard Deduction vs. Itemized Deduction. Oh, deductions! The joy! A tax deduction arises due to various types of expenses you’ve had throughout the year.
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 · Either way, potential deductions include the following: • art equipment, such as easels, cameras, light fixtures and kilns. • supplies such as paint, brushes, canvas and clay. • framing. • studio space. • office supplies and equipment. • books and magazines related to your business.
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