Deduct piano costs as a musician from tax
As an employee, you want to make your tax return in the year after in order to get as much money back as possible from the tax office. But this is a little problematic in some professions, because how can an artist claim their piano costs?
How you can deduct piano costs from tax
Anyone who carries out an activity and has to pay taxes to the tax authorities for it wants to get as much tax refund as possible in the following year. This is the case with the self-employed as well as with all other employees, because after all, nobody simply has money to give away.
- With "normal" employees, filing a tax return is actually quite easy, but there are always peculiarities where many people still give away money. If you are a teacher, it is relatively easy to claim your office for tax purposes, because you not only work in school, but also a significant part of your work at home.
- He can also put down a new computer, but not all at once like with all other objects. Since this purchase involves a larger volume, he can only claim a third of the purchase cost.
- Musicians have a special status when filing their tax returns. Sometimes they are self-employed because of various positions with different orchestras, but on the other hand they are also permanently employed in a specific concert hall and are therefore employees.
- Since you are not expected to use the concert hall for the various exercises or are not allowed to do so, you must also be granted be able to practice at home in your own four walls every day, even if it is a piano, because the piano cost as a new purchase is not irrelevant.
Travel expenses incurred in connection with the exercise of the profession, employees, ...
Musical instruments are sometimes expensive
With you as a musician it is Tax office in a way particularly generous when it comes to discretion in a study.
- You don't have to put your piano in a special study room so that you can set off a study. Here, the tax authorities recognize part of your living room as a study if you place your piano in a corner of the living room.
- In your income tax return, lines 42 and 43 in Appendix N in the advertising expenses department are particularly interesting. Here you can use the costs deduct the full amount for your study, but you should divide the monthly rent by the number of rooms to get the exact amount.
- However, you cannot fully deduct the piano costs, as you can use this instrument for more than a year without it becoming defective.
- In the case of a piano, the tax office takes into account an average usage period of ten years. Therefore, unfortunately, you are only allowed to claim a tenth of the total piano costs for tax every year. If you buy a new piano after ten years, you can again split the costs over the average time.
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