How Do Independent Artists File Taxes?

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Understanding Tax Deductions for Artists

The artist files tax form 8829 for the home office deduction and self-employment tax on net income, as well as federal income tax. Tax deductions artists can claim include art supplies, studio rent, marketing, travel for business, and professional fees.

Tax Filing Tips for Independent Artists

  1. Establish an accounting system. You need an accounting system to stay organized throughout the year.
  2. Threshold for needing to file a tax return as an independent contractor.
  3. Viable tax deductions such as advertising, legal fees, rent/utilities, and more.

Tax Guidelines for Independent Artists

The majority of artists are classified as "self-employed" for tax filing purposes. Expenses like art supplies, studio rent, marketing, and professional fees can be deducted. Artists need to know what tax forms to file, like Schedule C for reporting business income or Schedule SE for self-employment tax. Once earnings from creative work exceed $400 for the year, artists have to pay self-employment taxes.

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