Today, I’m going to go over my top tax writeoffs for Youtubers, influencers, and other content creators. Now, these types of selfemployment opportunities are very unique in the fact that the person is usually the business.
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And because of that, there is a lot of flexibility in terms of the tax writeoffs you qualify for… For example, some YouTubers do clothing hauls on their channel, so they can deduct the expense on their tax return.
So that’s like getting clothes, depending on your income level, at 4050% off. BUT with that flexibility, comes some gray areas as well and you never want to risk getting in trouble with the IRS.
So in this video, I want to talk about taxes for any current or future content creators. I’ll go over how income is reported, explain to you what taxes you need to pay (taxes for youtube), and go over my top 5 tax deductions
Timecodes
Intro (0:00)
Quick Note: (1:25)
#1 How is Income Reported? (1:45)
#2 What Taxes Do You Need to Pay as a Creator (2:50)
#3 What Can You Write Off as a Creator? (4:33)
#4 Top 5 Tax Deductions for Creators (6:05)
#5 Bonus Tip (13:19)
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).