Tax time could mean business of acting savings ...

We all want to take "home" as much of what we earn as possible -- and, often, your tax return is a great, yet often overlooked, vehicle for claiming legitimate business of acting expenses that you can deduct from your business of acting earned income earned. Well .. it's that time again ... and as you start preparing for your April tax filing, you might find my latest Backstage column helpful. 

Costs incurred for self-taping (light ring, back drop and microphone purchases), commissions to agents and/or managers, classes, workshops, coaches and other training, parking expenses when you go to an in-person audition, auto mileage (or Uber, Lyft, or bus fare) to get you to/from that audition, your Actors Access, Casting Networks or other subscription service that you use to submit yourself for auditions.

 

The list goes on ... and is detailed in my Backstage article.

 

Happy deducting!

BL