If it is true that the only certain things in life are death and taxes, this Artist Lab will make navigating one of those things considerably easier. On February 12, 2025 from 1:00-2:30PM EST, instructor Dr. Elaine Grogan Luttrull, a certified public accountant, personal financial specialist, and accredited financial counselor, will review federal income tax basics for artists, including common deductions claimed and 2024 tax year updates. Elaine will 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. She’ll touch briefly on some state and local income tax issues and conclude by reviewing some tips and best practices to keep excellent records.
The Artist Lab is part of the new, free Creative Capital Curriculum, which offers exercises from working artists, educators, and art industry specialists to enhance artists’ professional development. Live captioning (CART services), ASL, and Spanish interpretation will be provided. The session will also be recorded and made available in the Curriculum.