NAICS code: 711510
Being an independent artist is no easy feat. You spend days and nights creating beautiful art. Meanwhile, during your free time, you are always on the lookout for customers who would be willing to purchase your art. You break your back while trying to earn some money. It’s a smart idea to get to know a list of expenses that you can claim as tax write-offs instead of giving your laborious money to the IRS.
💻Design software
Write it off using: Schedule C, Box 18
If you use any paid software for content creation or for editing pictures and videos, you can write them off.
- 🖌️ Studio fee
Write it off using: Schedule C, Box 20b
If you go to any studio to work and don’t work from home, you can write this expense off. This includes studio rent and bills.
🎨Creative assistance
Write it off using: Schedule C, Box 11
When you employ an editor, assistant, or designer to help in creating content, you can use this expense to write the taxes off!
☁️ Data Storage
Write it off using: Schedule C, Box 18
If you use Dropbox or a hard drive to store heavy files that are work-related, you can write them off.
🎓 Art classes
Write it off using: Schedule C, Box 27a
If you have taken any classes to improve your skills as an artist, it’s considered write-offs.
🎨Art supplies
Write it off using: Schedule C, Box 38 (COGS)
Any paint, canvases, sculpting mediums, easels, and other art materials can be written off.
-
🎟️Cultural events & museums
Write it off using: Schedule C, Box 27a Attending museum exhibits and cultural events to network and gain inspiration is deductible. -
🎭Gallery fees
Write it off using: Schedule C, Box 10 Write off any fees you pay to exhibit your art in a gallery. -
🖼️Framing
Write it off using: Schedule C, Box 22 Frames or any framing services that you use to showcase your art can be written off. -
📝 Office supplies
Write it off using: Schedule C, Box 18 Deduct anything you buy for your office, like pens, binders, folders, printer ink, or a whiteboard. -
😎 Self-promotional materials
Write it off using: Schedule C, Box 8 Portfolios, business cards — write off anything you use to promote yourself. -
📱 Social media tools
Write it off using: Schedule C, Box 18 Write off the tools you use to create assets, schedule posts, or pull analytics.