NAICS code: 519130
It is everyone’s dream to turn their passion for travel, fashion, or food into a full-time career. Nevertheless, if you do this sometimes and make more than $600 (including gifts and freebies), you will have to pay income taxes. Fortunately, you don’t have to worry: you can deduct so many expenses that most of your money will be returned to you.
We have put together a list of the most common write-offs for bloggers that you can use to deduct your expenses.
Phone, laptop, accessories
Write it off using: Schedule C, Box 27a
If you buy a phone or laptop and use it for work, it’s partially deductible.
Writing software
Use Schedule C, Box 18, to write it off
Tools like Grammarly and other software you use to help you write can be written off as expenditure.
Online advertising
Write it off using: Schedule C, Box 27a
The money you spend to advertise your services is tax-deductible.
Research tools
Write it off using: Schedule C, Box 27a
Apps that help you learn industry trends, maintain databases and research relevant topics can be written off.
Office supplies
Write it off using: Schedule C, Box 18
Any office supplies you purchase, like pens, binders, printer ink and whiteboards.
Website & hosting fees
Write it off using: Schedule C, Box 8
Squarespace, Wix, GoDaddy, and other website service fees.
Business card
Write it off using: Schedule C, Box 8
Count your business cards as advertising expenses if your contact information on them.
Social media tools
Write it off using: Schedule C, Box 18
Write off the tools you use to create assets, schedule posts or pull analytics.
Reading subscriptions
Write it off using: Schedule C, Box 27a
Newspaper and magazine subscriptions used for work-related research can be written off.
Prizes & Giveaways
Write it off using: Schedule C, Box 8
Go ahead and write off a prize or giveaway that you give for your followers!
Email software
Write it off using: Schedule C, Box 18
Marketing expenses, such as those for email services like Mailchimp, are tax deductible.
Creative assistance
Write it off using: Schedule C, Box 11
If you’ve hired creative people like writers, editors and photographers to make your work better, write it off.