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https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
Long-Term Property: Professional artists often purchase tangible personal property that lasts for more than one year—for example: computers, presses, cameras and video equipment, welding equipment, cell phones, and art books. The full cost of such property can usually be deducted in a single year using 100% bonus depreciation (in effect through 2022), Section 179 expensing, or the de minimis safe …
https://www.artworkarchive.com/blog/a-short-guide-to-doing-your-taxes-as-an-artist
Large Equipment counts as a depreciable asset and is anything that you will use for your art business or studio for more than one year. Think computers, kilns, cameras and any larger expenses that are used over multiple years. You can write this off all in one or over many years. These are substantial expenses.
https://www.artbusinessinfo.com/tax-tips-for-artists.html
Dec 01, 2012 · In summary, my top tax tips for artists are: PRINCIPLES. Hobby income is still income and can still be taxable - know what the rules are and what you need to declare. know the "badges of trade" - the indicators that tax people use to make a distinction …
https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · A Simple Tax Guide For Artists Some of the most important things to know about doing your taxes as an artist By Karina Vahitova on January 31st, 2018. Photo by NeONBRAND. What does it even mean to do your taxes? Doing your taxes as an artist is not that different from doing your taxes as any other kind of working person.
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
https://www.jacksonhewitt.com/tax-help/tax-tips-topics/employment/job-specific-deductions/performance-artist/
Feb 21, 2021 · Ask a Tax Pro for details and refund options with no additional cost. Assisted Refund $49.95. Offices offering the Refund Advance product in Illinois, the AR Fee is $0.00 until 2/24/20, after this date it will be $49.95. For Jackson Hewitt Tax Pro From Home customers in Illinois the AR fee will be $49.95 regardless of time of filing.
https://www.artistsnetwork.com/art-business/tax-deductions-for-artists-art-business/
Apr 06, 2015 · Also, if you want to see your art featured in The Artist’s Magazine, then enter your best in the Annual Art Competition–the deadline is May 1. River Valley, Papoose Fire (acrylic on gold gessoed Aquabord, 17.75×17.75) by Stephen Quiller, featured on the cover of The Artist’s Magazine (March 2015). Click here to “pin” this on Pinterest!
https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-musicians-guide-to-taxes-top-tax-deductions/L3dFXFokF
Tax Return Access: Included with all TurboTax Deluxe, Premier, Self-Employed, TurboTax Live, TurboTax Live Full Service, or prior year PLUS benefits customers and access to up to the prior seven years of tax returns we have on file for you is available through 12/31/2022. Terms and conditions may vary and are subject to change without notice.
http://www.artstaxinfo.com/artists.shtml
The artist may file a form 8829 for the home office (studio) deduction and will also be required to pay self-employment tax (Schedule SE) on your net income (profit) as well as federal income tax. All these forms are part of the year-end 1040 income tax filing.
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