South Arts: Tax Basics for Creatives

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. We’ll review federal income tax basics for creative individuals, including common deductions claimed by creative entrepreneurs. We’ll 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. We’ll touch briefly on some 2023 updates (like the new Venmo and Paypal 1099s!), and we’ll conclude by reviewing some tips and best practices to keep excellent records. This session will be recorded and made available on southarts.org afterwards.