If it is true that the only certain things in life are death and taxes, this Artist Lab will make navigating one of those things considerably easier. Instructor Dr. Elaine Grogan Luttrull, a certified public accountant, personal financial specialist, and accredited financial counselor, will review federal income tax basics for artists, including common deductions claimed and 2024 tax year updates. Elaine will outline how the tax landscape changes based on the type of income an artist earns and highlight key aspects of tax law that impact financial wellness, including deducting interest for student loan payments and saving for retirement. She’ll touch briefly on some state and local income tax issues and conclude by reviewing some tips and best practices to keep excellent records.

Dr. Elaine Grogan Luttrull, CPA-PFS, AFC® (she/her) is the founder of Minerva Financial Arts, a company devoted to building financial literacy and empowerment in creative individuals and organizations. Elaine spent 10 years in academia, teaching at the Columbus College of Art & Design and serving as the Department Head for Business & Entrepreneurship from 2014-2018. She regularly provides guest lectures for colleges, universities, and conservatories that serve the arts, including the Juilliard School, New England Conservatory, the School of Visual Arts, and the Cleveland Institute of Arts. Elaine is the author of Arts & Numbers, and she has contributed regularly to industry guides, including Professional Artist magazine, Business of Art from the Center for Cultural Innovation, and “Create a Living Legacy” from the Joan Mitchell Foundation. In addition to degrees in accounting, Elaine completed a doctorate in instructional design leadership, enabling her to build, deliver and assess the impact of educational offerings. She is based in Dublin, Ohio (Kaskaskia and Hopewell indigenous and cultural lands) where she has served on a variety of arts- and community-centric boards.

The Artist Lab is part of the new, free Creative Capital Curriculum, which offers exercises from working artists, educators, and art industry specialists to enhance artists’ professional development. Live captioning (CART services), ASL, and Spanish interpretation will be provided. The session will also be recorded and made available in the Curriculum.