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.
🌐 Website & hosting fees
Write it off using: Schedule C, Box 8
Squarespace, Wix, GoDaddy, and other website service fees.
🔍 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.
🎫 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.