3 Common Tax Deductions for Musicians

taxes thriving musician Oct 15, 2018

 

Few of us ever test our powers of deduction, except when filling out an income tax form.

- Laurence J. Peter

Think of tax deductions like music scales. Once you are familiar with major scales you can move onto minor, diminished, augmented, whole tone, harmonic, egyptian, you name it. Let’s build a foundation with 3 of the most common tax deductions for musicians. At the end of this post I will share a link to download a much longer list of tax deductions to dive into.

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Taxes for Musicians 101

taxes thriving musician Feb 05, 2018

Music, Money, Taxes

"The hardest thing in the world to understand is the income tax." 

- Albert Einstein

Taxes are a collection of revenue from citizens to fund the government. Many people view taxes as government penalties. I prefer to view them as government incentives. As far as I can tell the government adjusts the tax code to fit their needs economically. For example, if the government wants corporations to thrive then you might see local, statewide, or nationwide corporate...

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DO YOU WANT TO REDUCE YOUR TAXABLE INCOME?

Download my Ultimate List of Tax Deductions for Musicians for FREE!