Tax Deductions for Musicians and Artists: A 1099 Guide
In short: US musicians and artists paid on a 1099 can deduct instruments and gear, studio time, lessons that improve skills they already use professionally, travel to gigs, rehearsals and sessions, and agent and booking fees. Stage clothing counts only if it isn't suitable for everyday wear, and driving to a regular weekly gig at the same venue is treated as a commute.
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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.
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