9 Huge Actors Tax Write-Offs – And Other Tax Tips
All Actors Should Learn About These 9 Huge Actor’s Tax Write Offs
There are some tax write offs that actors might not know about.
And, some that are not legal to deduct from their taxes.
Can Wardrobe Be Deducted On An Actor’s Tax Filing?
I am not an accountant or CPA, so everything I share here must be
confirmed by a tax professional. But, here is what I have learned from
working with a CPA and by listening to others discuss taxes for actors.
Is Wardrobe A Write Off For Actors
I have been told that even if an actor purchases wardrobe, specifically for a project,
if the wardrobe could be worn in every day life, it can NOT be deducted. However,
there are specific types of clothing that can be a tax write off. If one has to buy a special
outfit for a performance, that would never be worn in public, then it can be a tax write off.
If an actor is working in Las Vegas, and buys a very unusual outfit that is only be worn
for the show, then that could be deductible.
Another Possible Tax Write Off For Actors
I have been told that if an actor uses a cell phone to shoot home auditions, then a percentage
of the cell phone expenses (depending on how often the phone is used for recording auditions) can
be deducted.
Watch The Video to Learn About 8 Other Huge Actors Tax Write-Offs
And Other Tax Tips
When you watch the video, you will learn about 8 additional huge actors tax write offs.
Do You Know of Any Actors Tax Write Offs?
If you know of any tax write offs for actors, please share them
in the description section of my acting and modeling quick tips channel.
This way we can learn from you.
Another Great Video to Watch
5 Successful Strategies to Act Full Time
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Aaron