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https://pocketsense.com/file-taxes-work-freelance-artist-19779.html
Dec 12, 2019 · How Do I File Taxes If I Work As a Freelance Artist? Tax Types. Employers generally make payroll deductions for federal and state income taxes and for the employee's half of... Federal Forms. To determine your tax hit, begin with your federal taxes. To calculate your federal taxes …
https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · For U.S. residents, tax day is April 15th. And if you’re an artist, filing your income taxes is probably not so straightforward. Like other professionals who work in a freelance capacity, artists typically earn untaxed income that they must report to the IRS—and if the artist had a clear intent to make a profit, their practice is considered to be a business.
https://ttlc.intuit.com/community/taxes/discussion/how-to-pay-tax-as-freelance-artist/00/357145
Jun 04, 2019 · You pay 15.3% SE tax on 92.35% of your Net Profit greater than $400. The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare. So you get social security credit for it when you retire.
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.
https://turbotax.intuit.com/tax-tips/self-employment-taxes/a-freelancers-guide-to-taxes/L6ACNfKVW
In addition to regular income tax, freelancers are responsible for paying the self-employment tax of 15.3% in 2020. This tax represents the Social Security and Medicare taxes that ordinary employees have taken out of their paychecks automatically.
https://www.freelancetaxation.com/the-minimum-freelancers-need-to-earn-in-order-to-have-to-file-income-taxes
No. If you are a freelancer, the minimum you need to file a tax return is none of the above. The amount of money you need to earn and to file a tax return is $400. Yes. That is not a misprint. It is $400. To be clear, this is not true of the group of people who call themselves freelancers and who are paid on W-2’s.
https://www.nolo.com/legal-encyclopedia/tax-deductions-artists.html
All such artists are operating pass-through businesses. 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 …
https://www.artspace.com/magazine/art_101/guide/how-to-do-your-taxes-as-an-artist-55314
Mar 16, 2018 · So, until freelancers band together and form a union, here are some simple proactive things you can do to help you prepare for filing your taxes. 1. KEEP YOUR RECEIPTS. Taxpayers can deduct "ordinary and necessary expenses for conducting a trade or business."
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://ttlc.intuit.com/community/taxes/discussion/filing-taxes-on-artist-commissions/00/694662
Jun 06, 2019 · First,I want to clarify that if you had income besides the artist commissions for the year, and you have to file a tax return, you would have to include your commissions even if they are less than $400. That $400 figure is the amount at which you start paying self-employment taxes, not income taxes.
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