No one likes to look at his or her paycheck and see the amount of money withheld from it in taxes by the government. However, the sad truth is that tax withholding is a good thing.
Financial Advice
- Advice
- Advice
Living in New York City on a Modest Budget
New York City can be one of the most expensive places in the United States to spend a day, let alone live. You can't avoid spending money when you live in New York, but you can always spend it with prudence.
- Advice
What Is a Qualified Performing Artist?
In the rules of the Internal Revenue Service, there is a special category called the "qualified performing artist," which used to be of significant value to actors.
- Advice
The Dos and Don'ts of Deductions
Hopefully, by now you have started the process of preparing your tax return. You should be compiling a list of all the expenses you had in 2010 in every allowable deduction category.
- Advice
Sometimes the rules we explain to parents who have invested in their child's career conflict with what they have heard on the street from other parents.
- Advice
This week let's look at the specific acting-related expenses you are allowed to write off on your tax return.
- Advice
Lower Your Taxable Income With Deductions! (Part 2)
Deductions are important. Keeping logs and receipts with detailed handwritten notes are a must to prove the educational value to the IRS.
- Advice
Increases in Standard Deductions and Personal Exemptions Lead to Savings
For most of us, changes in tax laws are usually very few, and their effects are fairly minor, but there are some.
- Advice
These Items Are Not Deductible
Actors' Taxes columnist Chuck Sloan discusses which items performs can and cannot deduct on their tax return.
- Advice
Lower Your Taxable Income With Deductions! (Part 1)
If you have substantial deductions for expenses, as most actors do, hopefully the amount will exceed the standard set by the IRS.
