Keep in mind that if you paid an independent contractor more than $600, you may need to send them a 1099 form.ĥ. This includes sales representatives, website designers, printers, other artists that you may have hired to assist with a project, and studio assistants.
Independent Contractors: If you hired any independent contractors this year, their fees are right off. Create a calendar, and go through your receipts noting the date of the receipt, where you drove to, the distance, and the purpose of your trip.Ĥ. If you find yourself at the end of the year preparing for taxes and realizing you did not keep these records, you can reconstruct a portion of your driving using your expense receipts. In order to get this deduction, you must keep accurate records of the dates and mileage you are driving. You are entitled to a mileage reimbursement for every mile you drive that is related to your art business. In fact, if you plan things right, you can even mix pleasure and business and still get a deduction.ĭon’t forget the travel you conduct around town gathering supplies, taking your shipments to the post office, and other art business related errands. You may also get to deduct 50% of the cost of your meals when you travel for your art business. If you traveled and conducted art business this year, you may be entitled to write off all reasonable expenses incurred.The cost may include transportation such as airfare, hotel, or other lodging expenses. Travel expenses: Artists is often travel out of the town, and when they do, they often visit with galleries, collectors, and other potential sources of sales. If you sell your art through Etsy, you are also paying a fee to list your product, as well as A transaction fee when your product sells.ģ. If you are collecting payments online or at a weekend show, you are probably using a service such as PayPal or Square which charges a fee for every credit card transaction.
Transaction and Banking Fees Even if you are not maintaining a bank account solely for your art business, you still may have bank fees. Common online Shops artist used to order supplies online include: Amazon, Dick Blick, Utrecht, Etsy, and Uline. Many online shops keep your past purchases available for longer than a year. Where to look: if you order supplies online, login to your online supplier to locate overlooked invoices. Don’t forget cleaning supplies you use to maintain your equipment and studio space. It also includes shipping supplies such as boxes and mailers you use to ship your work. It also includes office supplies such as the paper and Printer ink do you use to print your invoices or other correspondence. Supplies: You likely already know that you can write off your art supplies, but, Don’t forget that this includes more than the actual materials you used to create your work. Ready for the hunt? Here’s where to look:ġ. This article is not intended as tax advice, it’s intended to help you prepare for meeting with your tax preparer. Before you hunt for more art expenses, keep in mind that some artists will not be able to write off their expenses at all.
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