Taxes for Artists with Elaine Grogan Luttrull

If it is true that the only certain things in life are death and taxes, this workshop will make navigating one of those things considerably easier. The workshop will review federal income tax basics for creative individuals, including common deductions claimed by creative entrepreneurs. It will also outline how the tax landscape changes based on the type of income an artist earns and highlight key aspects of tax law that impact financial wellness, including deducting interest for student loan payments and saving for retirement. The workshop will touch briefly on some state and local income tax issues, and conclude by reviewing some tips and best practices to keep excellent records.

As part of this workshop, you will:

• Identify ordinary and necessary deductions common to creative businesses.
• Review the overall income tax landscape for common federal and state filings.
• Identify records to retain for tax purposes and effective systems for tracking expenses and income.

The IAC webinar is free to attend and will take place via zoom on March 30, 2023 at 5:00PM. Register now.