19 tax write offs for influencers 🤳
Following your passion for travel, fashion, or food turning it into a full-time job as an Influencer is something everyone dreams of. But if you have been doing this some time, and if you are making anything over $600 (including the value of gifts and freebies) you will have to pay income taxes. Luckily, you've got nothing to worry about: you can write off so many of your expenses, you'll get most of that money right back in your pocket!
If you use your phone for work (who doesn't?) then it's partially deductible.
If you want to reward your followers with a prize or giveaway, go ahead and write it off!
Any clothing or beauty products used to review or just look your best for content.
Anything you order to show off your personal brand: Tshirts, stickers, mugs, etc.
Live webcasting apps or creative apps that help you look flawless and reach your audience.
Write off any software you use for video and photo editing or content creation.
Website hosting fees, plugins, stock photos, and themes are tax deductible!
If you need to hire an editor, designer, or set assistance to help you, write it off!
Every dollar you spend on Facebook Ads, Google Adwords, etc. is a tax deductible expense!
Online courses, summits, membership site subscriptions, workshops, etc are tax deductible!
Office-related purchases like stationery, photocopies, and monitors are tax deductible.
A new computer, cell phone, keyboard, printer, monitor, mouse, it all counts!
Find write-offs.
File taxes.
Keeper Tax helps independent contractors and freelancers discover tax deductions and file taxes.
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 car rentals are all work-related travel costs that can be written off.
When you travel for work, lodging expenses like hotel rooms and Airbnbs are write-offs.
When you're traveling for work, all meals are tax-deductible. Even takeout!
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