Turns out selling online isn't as easy as people make it sound! The good news? If you do things right on the tax side, you shouldn't owe very much at all. We've put together this master list of tax write offs for online sellers so that you can make sure you're not leaving any money on the table!
Every dollar you spend on Facebook Ads, Google Adwords, etc. is a tax deductible expense!
Postage, dropshipping fees, and packaging materials are all tax deductible!
Any inventory costs from product that have been sold are tax deductible!
The 2.75% (give or take) fee that you pay your payment processors ads up. It's deductible!
Online courses, summits, membership site subscriptions, workshops, etc are tax deductible!
Website hosting fees, plugins, stock photos, and themes are tax deductible!
Costs for email services like Mailchimp are a tax deductible marketing expense.
Online seller platforms take an arm and a leg on every sale. You can deduct those costs!
Sponsored search placements on Amazon, Etsy, etc are deductible advertising expenses!
Sell hand-embroidered t-shirts? The cloth, labels and sewing machine are deductible!
Cameras, video camera, lenses, lighting, tripods, used for work are all tax deductible!
A new computer, cell phone, keyboard, printer, monitor, mouse, it all counts!
Keeper automatically monitors your purchases for tax write offs. All you have to do is reply to texts!
Gas is expensive! A portion of your gas station fill ups are tax deductible.
Oil changes, repairs, and regular checkups are all tax deductible if you drive for work.
Car insurance, roadside assistance, registration costs, etc. are all tax deductible.
Parking for a meeting downtown or other work trip is tax deductible!
A toll while driving to or from a work destination is tax deductible!
If you drive you own vehicle, you can write off the annual depreciation of it's value!
A desk, chairs, lamps, and other home office necessities are all tax write offs.
Your comcast bill is a tax write off. You need internet to do your job!
Whether rental or homeowner insurance, you can write off a portion as part of home office.
Gotta keep the lights on in your home office! A portion of your electricity bill counts.
It'd be hard to work in an office without running water, huh? You water bill counts.
Whether you pay rent or own your home, a portion of those expenses are tax deductible.
If you discuss work with a coworker, client, or even a friend, it's a write off!
Planes, trains and automobiles are all work travel costs that can be written off.
When you travel for work, lodging expenses such as hotel rooms or Airbnb are write offs.
When you're traveling for work, all meals are tax deductible. Even takeout.
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Note: at Keeper, we care about saving you money on taxes. That leads us to generalize tax advice that isn't always so simple. Everyone's situation is different. Please drop a note below or reach out via email if you have questions.
