It’s been awhile since I’ve shared a new tax deduction list so today I’m sharing an awesome tax deduction checklist list for photographers, visual artists, and graphic designers!
I enjoy sharing these lists because I believe in financial empowerment, and I know that the only person who can truly maximize your deductions is You!
So whether you’re just starting out or are operating as a full-blown corporation, this huge list of tax deductions will lead you down the right path to writing off as many expenses as you legally can.
Now, before we jump into the deductions, I want to mention I realize photographers, visual artists, and graphic designers don’t do the same thing. But, I’ve worked with enough professionals in each of these three professions to realize there’s a lot of overlap when it comes to write-offs, expenses and financial concerns for these three visually oriented industries. So that’s why I’ve put these together in this list today.
So, let’s jump into the deductions!
The Ultimate List of Photographer, Visual Artist & Graphic Designer Tax Deductions:
- Home Office Space*
- Home Office Utilities*
- Home Office Repairs & Improvements*
- Office Rentals
- Office Rental Utilities
- Location Rentals (such as for a photography shoot or for a hosted event)
- Janitorial Services
- Accounting & Bookkeeping Services
- Legal Fees
- PR Services
- Start-Up Costs*
- Organizational Costs*
- Office Supplies
- Small Tools (such as swatch books or Pantone color books… art supplies if apply to many projects)
- Equipment* (such as a computer, camera, camera lens, monitor calibers, stylus pen)
- Cell Phone*
- Computer Software (such as Adobe Creative Cloud)
- Business Gifts
- Job Materials (anything specific to completing a specific job–could be art supplies)
- Auto Expenses*
- Parking Expenses
- Website Hosting
- Website Domain
- Blog Theme and Purchased Plug-ins
- Web Design Services or Web Maintenance
- Professional Photography (that you paid for)
- Professional Videography (that you paid for)
- Professional Styling*
- Graphic Design (that you paid someone else to do)
- Promotional Mailings
- Purchased Fonts and Stock Photography
- Editing of Photos and/or Videography
- Hired Content Writers
- +30 more photographer, visual artist & graphic designer tax deductions (download your beautiful, free checklist to get access to these additional 30 deductions below)
To get the complete tax deduction list with 30 more photographer, visual artist & graphic designer tax deductions, make sure you download your free checklist here:
One last thing…
Did you notice the asterisks on this list? An asterisk indicates a tax deduction that requires a little extra care. See, I want you to have awareness of all potential tax deductions, but I also want you to realize that claiming certain deductions involves a bit more than keeping a receipt. (Can you say #Transparent – I’m all about financial empowerment & clarity, remember?!)
So before you claim one of the asterisked deductions, make sure you understand the tax law around how this qualifies as a business tax deduction for your specific situation, and have specific needed records to protect the validity of these deductions.
In the meantime, if you’re unsure about any photographer, visual artist or graphic designer tax deductions–or you want to dive deeper in your understanding & confidence when it comes to #AlltheBusinessMoneyThings, let’s talk! I run an awesome 6-week small group that will help you step into full financial confidence (plus I also do 1:1 coaching, as well as short 30 minute and 1 hour consults).
Over To You..
Do you have any questions or thoughts about the photographer, visual artist and graphic designer deductions listed? Leave a comment below!