Musician & Artist Tax Calculator
Performance fees, royalties, lessons, merch — see SE tax, federal income tax, quarterly payments, and hobby loss risk under IRC §183. Built for the working musician.
Filing status
Income Streams
Gigs, shows, session fees, live events
Streaming, sync licensing, mechanical royalties
Private lessons, workshops, online courses
T-shirts, vinyl, merch table revenue
Deductions
Instruments, amps, mics, recording gear (§179 eligible)
Home studio % of home expenses or actual studio costs
DAW, VSTs, production software, streaming subscriptions
DistroKid, TuneCore, CDBaby, Bandcamp fees
Travel, lodging, per diem on tour (50% meals limit applies)
Monthly studio rental, practice space
SAG-AFTRA, AFM, IATSE membership dues
Session players, collaborators (issue 1099s above $600)
Marketing, promo, recording costs, music videos, website
Low hobby loss risk
Your music activity shows a profit — low hobby loss risk. Keep documenting business activities, marketing efforts, and profit intent.
$27,900
Net profit
$3,942
SE tax
$1,133
Federal income tax
$5,075
Total tax owed
$1,269
Quarterly payment
$22,825
Take-home pay
12.7%
Effective total rate
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