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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://turbotax.intuit.com/tax-tips/self-employment-taxes/the-musicians-guide-to-taxes-top-tax-deductions/L3dFXFokF
Launching and maintaining your music business usually involves paying some basic business expenses, and you can deduct these on your tax return. Note that expenses related to a home studio are deductible, as are: the costs associated with registering for a business license
https://www.artworkarchive.com/blog/the-artist-s-guide-to-tax-deductions
Software that helps you run your art business like Artwork Archive can be deducted from your taxes. If you pay for other subscriptions that have monthly or annual fees like an accounting service or image service, you can deduct those as well.
https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · Doing your taxes as an artist is not that different from doing your taxes as any other kind of working person. Every year when you file your Individual Tax Return, also known as your 1040 form, you are painting a picture of your financial life for the IRS. This picture consists of your losses and your gains — this is what the IRS wants to ...
https://www.backstage.com/magazine/article/the-actors-guide-to-filing-taxes-67405/
Mar 05, 2019 · Taxes for 2020 can be filed no later than April 15, 2021. The Internal Revenue Service (IRS) will probably begin accepting electronic tax returns sometime between Jan. 15 and Feb. 1, …
https://thecreativeindependent.com/guides/a-smart-artists-guide-to-income-taxes/
Mar 14, 2019 · Artist-specific tax deductions. Now that you know how to calculate your taxable income, what forms you need to file, what documents you should have on hand, and how to stay organized for tax time, let’s drill into specific business tax deductions that you may be eligible for as someone earning non-employee income through your creative work.
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.
https://www.artistsnetwork.com/art-business/tax-deductions-for-artists-art-business/
Apr 06, 2015 · What tax deductions can artists take? Leonard D. Duboff of the The DuBoff Law Group addresses this question for artists and their art business. ... for 2014 taxes, expense up to $25,000 plus an adjustment for inflation for items that would otherwise have to be depreciated if you’re operating as a business. This is known as the Section 179 ...
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