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How The New Tax Law Affects You As An Actor

How The New Tax Law Affects You As An Actor | Acting Resource Guru | Ajarae Coleman
Members of my Get It Done coaching group have been asking about this topic, so this week I’m just diving right in: taxes.

A lot of actors have been worried about the new tax law that went into effect on Jan 1. To put it very simply, in lieu of being able to deduct business expenses as an individual, we get a higher standard deduction. But as actors, between headshots, marketing materials, acting classes, coachings, audition mileage, we incur a LOT of expenses before we ever start making any money, and normally we’d be able to deduct these expenses from our taxes. This isn’t the case anymore. BUT. Before you freak out, watch this week’s #GuruTips. I share a resource that can hopefully provide a little more insight to this hugely important topic.

Each week I post a weekly blog on ActingResourceGuru.com, focusing on tips and best practices for actors. Watch them all at ActingResourceGuru.com/blog!

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