Tax Deductions for Musicians

When filing your taxes, there are a number of items you can deduct from your income to validate the money you had to spend on work. Throughout the year, we’ll keep track of your spending on each of the items below and deduct the total when it comes time to file.

·        Audition travel

·      Business meetings

·        Job seeking

·        Parking Fees and Tolls

·        Gasoline

·        Car repairs/oil/change/tires/brakes

·        Car wash

·        Public Transportation-Uber/Lyft

Travel (out of town)

·        Airfare

·        Public Transportation

·        Car Rental

·        Hotel/Lodging

Office Supplies/Advertising

·        Postage/shipping

·        Pens/paper/ink

·        Envelopes, paper clips, etc

·        Copying/printing

·        Business cards

·        Posters/handbills

·        Website

·        Internet

·        Audition Videos

·        Film processing

·        Professional photos

·        Resume/Portfolio expenses

·        Recording studio costs

Fees and Dues

·        Agent/Manager Fees

·        Tax Prep/Bookkeeping/Taxes/Accounting

·        Interest

·        Legal Fees

·        Merchant Fees (credit card processing costs)

·        Bank Fee

·        Membership Costs for any music related society or organization

·        Event Costs

Equipment/Office Expense

·        Audio systems/Amplifiers

·        Pedals/Microphones

·        Speakers

·        Tools

·        Software

·        Smart phone/tablet/laptop/computer

·        Telephone

Depreciation

·        Music instruments

·        Cameras/video equipment

·        Vehicle

·        Computers/printers/monitors

Supplies/Music Supplies

·        Sheet Music

·        Music Books

·        Strings/picks/reeds, etc

·        Rosin/chin rests/string cleaner

·        Tuners/kpo’s

·        Stage Clothing

·        Gear bags

·        Music stands/microphone stands

·        Extension cords, cables, etc

·        Repairs & Maintenance

Continuing Education

·        Coaching and music lessons

·        Voice training

·        Dance training

·        Research & Development

Insurance

·        Car insurance

·        Travel insurance

·        Equipment insurance

Additional:

·        Meals & Entertainment

·        Home office deduction

·        Business Gifts

·        Payroll Wages

·        1099 non-employee contract labor