Cynthia Erivo’s New Tax Loophole Could Save You Hundreds—But Only If You Act Before Monday
If you’re still paying full price for your streaming services, Cynthia Erivo just exposed a trick that the big studios don’t want you to know about. The Oscar-nominated star revealed in a recent interview that she bundles her digital subscriptions through a little-known “performer’s tax deduction” for home office equipment—and consumer advocates say you can use the same loophole if you’re a freelancer or remote worker. Here’s how it works: If you pay for Netflix, Spotify, or any creative app for your job, you can deduct it on your taxes this year. The catch? You have receipts and a signed letter from your boss by Monday’s IRS deadline. Erivo fans are already flooding social media with screenshots of their deductions, but experts warn that doing it wrong could trigger an audit. Bottom line: check your W-2s before you screenshot—your wallet might thank you, but the IRS won’t if you fudge the numbers.