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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.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://finance.zacks.com/tax-breaks-artists-3514.html
Tax Breaks for Artists Travel and Meals. The Internal Revenue Service says expenses resulting from business travel are tax-deductible, as long... Vehicle Expenses. Tax breaks for the use of a vehicle can be one of the largest deductions an artist can take. This can... Home Office. The home office is ...
https://www.artistsnetwork.com/art-business/tax-deductions-for-artists-art-business/
Apr 06, 2015 · If you’re making and selling art as a hobby, related expenses can be deducted only if you itemize and only to the extent they (plus any other miscellaneous itemized deductions you have) exceed two percent of your adjusted gross income.
https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-musicians-guide-to-taxes-top-tax-deductions/L3dFXFokF
Running a music business likely requires certain monthly expenses, and you can claim these as deductions to reduce your tax liability. These include: booking fees for recording studios. rent for classroom or teaching space. utility costs for your workspace.
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://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · If you made $3,000 on your art the whole year and made no profit on it, meaning the expenses to make the art were either $3,000 or more (which would put you at a loss), this would qualify in the eyes of the IRS as a hobby.
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.
https://www.youtube.com/watch?v=ewf0yZIZDiA
Top 10 Tax Deductions for Artists, Designers and Photographers 2021: Here are the best tax breaks for creative professionals. What can you write off as a cre...
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