2023 Tax Updates for Entertainment Performers

Tax season is upon us! But don’t panic, we have you covered. Join us for an update on everything you need to know before filing your 2023 taxes.
This presentation will cover:
What’s new?
What do I need to give my tax preparer?
What do I do with my expenses?
How do I free file?
Host:
SAG-AFTRA Executive Vice President Linda Powell
Special Guest:
Sandra Karas, Attorney, Actor, SAG-AFTRA NY Local Board Member and National Board Alternate, and Secretary-Treasurer of Actors’ Equity Association
Important: SAG-AFTRA members should download tax preparation worksheets available at sagaftra.org/taxprep in order to follow along.
This workshop is not intended to imply an endorsement of any individual or company by SAG-AFTRA. The information provided is given for informational purposes and may not be a suitable substitute for the advice of tax preparer/professional, legal or financial counsel. You should always use good judgment in these matters and should not act or refrain from acting based solely on information provided.
00:00:00 Intro
00:00:36 SAG-AFTRA Tax Resources
00:00:50 IRS Resources
00:02:14 What’s New
00:02:26 Filing Deadline
00:02:38 1099K
00:04:01 FREE FILE
00:04:43 Scams and Phishing
00:05:43 Failure to Pay Penalties Waived for 2020 and 2021 on Balances Less Than $100,000
00:06:36 IRA
00:07:38 What Do I Need to Give My Tax Preparer
00:07:50 Information Checklist
00:22:25 What to do with your expenses
00:22:37 Performing Arts Professional Expenses
00:36:36 Automobile Expenses
00:46:05 Home Office Deduction Qualifications
00:54:48 Filing Extension
00:58:17 Paying Tax on Unemployment Income
01:01:07 Child Tax Credits
01:03:00 Free File
01:09:33 Staes With No Income Taxes
01:12:30 Tax Prep Resources
01:12:45 Standard & Itemized Deductions
01:20:51 Performing Artists Tax Parity Act
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Welcome to the official SAG-AFTRA RUclips channel. On this channel, you’ll find a variety of informational, entertaining, and educational content, including interviews, industry panel discussions, celebrity events, actor to actor interviews, SAG Awards red carpet footage, award show bts, and more. SAG-AFTRA members are the faces and voices that entertain and inform America and the world. With national offices in Los Angeles and New York, and local offices nationwide, SAG-AFTRA members work together to secure the strongest protections for media artists into the 21st century and beyond.
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