Tax advice for musicians: how to make the most of your pile of receipts from last year

February 15, 2014{ No Comments }

taxes Tax advice for musicians: how to make the most of your pile of receipts from last yearTax tips for the independent musician

It’s that time of year again: tax time!

Uncle Sam needs to spend some of your hard-earned musical income on paving roads, funding schools, and a few million other programs and services. As the saying goes, “Two things are certain.” One of ‘em is taxes.

But tax time doesn’t have to be such a downer. Sure, you might have to claim that $150 bucks the door-guy handed you at your last gig, but you also get to write off many expenses, including equipment purchases, maintenance, travel costs and car mileage, practice or office space rental, audio and video production expenses, web hosting, etc.

For some great information on how musicians can make the most of their confusing tax forms, check out our interview with Allen Jones on the DIY Musician Podcast episode #47: A Musician’s Guide to Taxes.

Also, be sure to read “Tax tips for the working musician,” an informative new article over at the Disc Makers Blog.

http://diymusician.cdbaby.com/2014/02/tax-advice-for-musicians-2/

What is your best tax tip or other tax information that could be helpful to others?

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2 comments

  1. I blog often and I seriously thank you for your information.
    Your article has really peaked my interest. I’m going to
    book mark your blog and keep checking for new details about once a week.
    I opted in for your RSS feed as well.

  2. Why not using Keepek app. The app is free and without limitation. It can read receipts, and fill information for you. You can easily manage categories and enter manual expenses as well as mileages. It’s also handy when it comes to creating and submitting expense reports.

    Get the app here : http://goo.gl/61B2Zb
    And if you prefer working from your computer : http://www.keepek.com

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