I work in a few different fields in addition to being a student. I’ve still never filled my own taxes, but would it be possible/wise to write off things that I consider necessary for some of my work, such as stage make up for performing, if performing is not my main source of income?

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Posted by María Zoraida (MONEY FORUMS: 4, Answers: 6)
Asked on March 6, 2016 7:07 pm
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It’s absolutely okay to write off deductions such as stage make-up if you make money from acting. The laws surrounding “hobby” income and regular income can be a bit confusing, but as a general rule of thumb, if you make a profit, you can deduct necessary and ordinary related expenses.

https://www.irs.gov/uac/Newsroom/Five-Basic-Tax-Tips-about-Hobbies

Business expenses work about the same.

PS, I am not a tax professional and have no fiduciary responsiblity towards you. I recommend that you seek out professional advice if you struggle to understand the implications of certain tax laws as they relate to your professional field.

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Posted by Hannah Rounds (MONEY FORUMS: 1, Answers: 54)
Answered: March 6, 2016 9:33 pm
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