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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.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.artworkarchive.com/blog/the-artist-s-guide-to-tax-deductions
If you conduct your art practice in a businesslike manner, put time and effort into your artwork to make it profitable, depend on income from your artwork for your livelihood, have been successful in making a profit during some years of your art business, you most likely qualify to take deductions.
https://thecreativeindependent.com/guides/a-smart-artists-guide-to-income-taxes/
Mar 14, 2019 · The government wants to give special tax breaks to help those who need it most, so they’ve created rules for nearly all business-related expenses and special circumstances (which can be based on a person’s age, location, industry, income level, health, etc). These special tax breaks are called tax deductions.
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…
https://blog.taxjar.com/sales-tax-guide-artists/
Digital artwork – like books, music and downloadable patterns are taxable in about half of the U.S. states with a sales tax. Sales tax rates also vary across states, counties, cities and other local areas.
https://www.artspace.com/magazine/art_101/guide/how-to-do-your-taxes-as-an-artist-55314
Mar 16, 2018 · The IRS qualifies an activity carried out for profit based on whether you have made a profit in at least three of the past five tax years, (and at least two of the past seven years for activities that consist primarily of breeding, showing, training or racing horses, which is just a fun fact that you probably (?) don't need to know).
https://www.artbusinessinfo.com/tax-tips-for-artists.html
Dec 01, 2012 · Ten More Tax Tips for Artists - Round about this time of year - just as I'm submitting my tax return to Her Majesty's Revenue & Customs, I write a blog post about tax - for artists. Do Hobby Artists need to complete tax returns - reasons why people who are not full time professional artists living in the UK might need to complete a tax return
https://www.proactiveresolutions.com/artists-averaging-relief/
Artist's Averaging – A Special Tax Relief - Know More Details Artists Tax- Averaging Relief is designed to help artists who have significant fluctuating income from one year to the next. The tax consequence of this fluctuating income could be no tax to pay when profits are low, followed by paying tax the following.
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