Tax Deductions for Musicians and Artists in Australia
In short: Musicians and artists in Australia can claim instruments and equipment, studio and rehearsal space, recording and production costs, travel to gigs and performances, agent and manager commissions, performance costumes, and marketing. Everyday clothing isn't deductible, even if you wear it on stage. If you qualify as a special professional, the income averaging rules in Division 405 keep a good year from being taxed at a disproportionately high rate.
Read MoreTax Deductions for Freelance Photographers in Australia
In short: Freelance photographers in Australia can claim camera equipment, software subscriptions, computers and storage, props and studio costs, insurance, marketing, and travel to shoot locations. A photography business with an aggregated turnover under $10 million that uses the simplified depreciation rules can claim the business-use share of each item costing less than $20,000 in full in the year it is first used.
Read MoreTax Deductions for Freelance Graphic Designers in Australia
In short: Freelance graphic designers in Australia can claim the work-related share of software subscriptions, hardware, home office running costs and training for their current work. The ATO's work-from-home fixed rate is 70 cents per hour for 2024-25 and 2025-26. With an aggregated turnover under $10 million and the simplified depreciation rules, the work-related share of each item costing less than $20,000 can be claimed in full.
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