Death Art and Taxes: Tax Basics for Creative Individuals
Art and Taxes is part of the virtual workshop series Art Steady 2.0: Career Development for Creators. If you’d like to attend all five workshops, purchase the full workshop pass.
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Thursday, November 18, 12:00-1:30 pm MT
with Elaine Grogan Luttrull
If it is true that the only certain things in life are death and taxes, this workshop will make navigating one of those things considerably easier! We’ll review federal income tax basics for creative individuals, including common deductions claimed by creative entrepreneurs. We’ll also outline how the tax landscape changes based on the type of income an artist earns and highlight key aspects of tax law that impact financial wellness, including deducting interest for student loan payments and saving for retirement. We’ll touch briefly on some state-level income tax issues (like the dreaded gross receipts tax in New Mexico!), and we’ll conclude by reviewing some tips and best practices to keep excellent records.
Elaine Grogan Luttrull, CPA-PFS, AFC®, is a financial educator and the founder of Minerva Financial Arts whose work builds financial empowerment in creative individuals and organizations through workshops and one-on-one advising. Her workshops have been featured nationally by funders, state and local arts councils, and colleges and universities that serve creative individuals.
Elaine teaches at the Columbus College of Art & Design, where she served as the department head for Business & Entrepreneurship from 2014 to 2018. Previously, Elaine served as the director of financial analysis for the Juilliard School and in the Transaction Advisory Services practice of Ernst & Young in New York. She is the author of Arts & Numbers (Agate, B2 2013), and she contributed regularly to Professional Artist magazine. She is based in Dublin, Ohio (Kaskaskia and Hopewell Indigenous and cultural lands) where she serves on the boards of the Short North Alliance, Healing Broken Circles, and the Lark Play Development Center.
***Update effective 11/08/21***
Thanks to new sponsorship from the City of Santa Fe Office of Economic Development, we can now offer free registration to any workshop for BIPOC artists! Five seats are reserved in each workshop except for the Instagram workshop, in which two seats are reserved.
BIPOC artists interested in free registration, please email firstname.lastname@example.org, request the Santa Fe Economic Development scholarship, and indicate which sessions you are interested in. We will register you in the Zoom webinar with no questions asked until all seats are filled.