What I Wish I Knew About Taxes When I Started Dancing

When I started dancing at 19, taxes were the last thing on my mind.

I wasn't thinking about retirement. I wasn't thinking about buying a car. I definitely wasn't thinking about getting approved for an apartment one day.

I was focused on making money.

Looking back, I wish I had taken taxes more seriously from the beginning.

Your Tax Return Is More Than Just Taxes

Many dancers, entertainers, and other independent contractors don't realize that filing taxes helps create a financial history. When you apply for an apartment, a car loan, or even a mortgage someday, many companies want proof of income.

One of the easiest ways to show that proof is with your tax returns.

If you never file, it can be harder to show what you earn, even if you've been making good money.

I Didn't Understand Buying Power

When I was younger, I didn't realize that tax returns could help create opportunities.

A tax history can help when you're:

• Renting an apartment

• Buying a vehicle

• Applying for a loan

• Starting a business

The money you make today can help you build a stronger future if it's properly reported.

Nobody Talked to Me About Social Security

At 19, retirement felt a million years away.

But when I was 25, I realized I had very little contributed toward Social Security.

As a dancer, it's easy to focus on today's income and forget about the future.

When you file taxes and report your income, you're also building a record that may help you later in life.

My Advice to New Dancers

If you're a dancer, entertainer, or self-employed worker, don't ignore your taxes.

Keep basic records.

Track your income.

File your tax return every year.

The goal isn't just to stay organized for tax season. The goal is to build options for your future.

Looking back, I spent years earning money without building much financial history on paper.

I wish I had understood that sooner.

What will your retirement look like?