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Tax Deductions for Artists Nolo

    https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
    Professional artists are usually independent contractors, not employees. 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. …

How to pay tax as freelance artist? - TurboTax

    https://ttlc.intuit.com/community/taxes/discussion/how-to-pay-tax-as-freelance-artist/00/357145
    Jun 04, 2019 · How to pay tax as freelance artist? To report your self employment income you will fill out schedule C in your personal 1040 tax return and pay SE self employment Tax. You will need to use the Online Self Employed version or any Desktop program but the Desktop Home & Business version will have the most help.

GYST Article: Taxes for Artists — Getting Your Sh*t Together

    https://www.gyst-ink.com/taxes
    As a self-employed artist, you will usually be required to pay estimated quarterly taxes using Form 1040-ES if your Federal tax liability is over $1,000 for the year. For the IRS, deductible business expenses are: Incurred in connection with your trade, business, …

A smart artist’s guide to income taxes – The Creative ...

    https://thecreativeindependent.com/guides/a-smart-artists-guide-to-income-taxes/
    Mar 14, 2019 · Self-Employment Tax: Used to figure out the taxes you owe annually on self-employment earnings over $400 as a sole proprietor: You do, attached to your 1040: April 15: 1040-ES: Estimated Tax for Individuals: Used to figure out and pay quarterly estimated tax, which self-employed individuals must do four times per year. You do, every quarter

Tax Deductions for Performance Artists

    https://www.jacksonhewitt.com/tax-help/tax-tips-topics/employment/job-specific-deductions/performance-artist/
    Feb 21, 2021 · If you are a performing artist, such as an actor, dancer or musician, payments that you receive from someone who is not your employer (for example, payments for freelance work) may be considered income from self-employment and reportable on Schedule C, Profit or Loss from Business.

How To Do Your Taxes As An Artist Art for Sale Artspace

    https://www.artspace.com/magazine/art_101/guide/how-to-do-your-taxes-as-an-artist-55314
    Mar 16, 2018 · We asked a specialist at TurboTax how one would go about filing taxes as an "independent working artist," and here's what they had to say: "If you are an independent working artist, you are considered to be in business as a sole proprietor. The sale would be reported as General Income in your business income unless the gallery gave you a 1099-MISC.

Self-Employment Tax: How to Calculate It in 2021 - NerdWallet

    https://www.nerdwallet.com/blog/taxes/self-employment-tax/
    Sep 11, 2019 · What is self-employment tax? The self-employment tax rate is 15.3%. That rate is the sum of a 12.4% for Social Security and 2.9% for Medicare. Self-employment tax applies to …

Self-Employed Individuals Tax Center Internal Revenue ...

    https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center
    Self-employed individuals generally must pay self-employment tax (SE tax) as well as income tax. SE tax is a Social Security and Medicare tax primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners.

Tax and Self Employment for Artists Visual Artists Ireland

    https://visualartists.ie/tax-self-employment-artists/
    The article covers: Recording Income & Expenses, Allowable & Disallowable Expenses, sample accounts, Tax bands and Tax credits, PRSI and Social Insurance Benefits, the Universal Social Charge, Filing Your Tax Return, Preliminary Tax, Voluntary Contributions, The Artists Tax Exemption, Apportioning Income and Awards and Grants. Tax and Self-Employment for Artists is part of The Manual – Survival Guide for Visual Artist…

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