What Can Bloggers Deduct From Their Taxes?
Posted: Tue Dec 24, 2024 7:11 am
What Can Bloggers Deduct From Their Taxes?
Not everything you spend money on is tax deductible—and being too loose with your deductions can land you in hot water with the IRS.
The IRS describes legitimate deductibles as both “ordinary and necessary.” That means that the expense must be common to your type of business and necessary for the work you’re doing.
Personal expenses cannot be deducted unless they’re also clearly used for your business. In this case, you can deduct part of it on your taxes. For instance, if you do most of your work at home, you may be able to deduct a portion of your utilities..
Here’s a starter list of the many blogger tax deductions (expenses) you can potentially write off on your blog taxes:
Advertising and other blog promotion-related expenses
A portion of household expenses if your office is in your home
Office supplies
Educational blogging courses, blogging books, or eBooks that help with armenia phone number library blog (educational deductions)
Fees for your web hosting (even if you’re on a cheap hosting plan)
Any tools for running your blog
Professional services (like writing help, designers, and developers)
Equipment and software (especially if purchased to test and write something like my Bluehost reviews analysis)
Rent for an office space
Meals and entertainment (for business purposes)
Business-related travel (including Uber & Lyft rides)
When in doubt about whether a particular expense will qualify as deductible, I recommend getting in touch with a tax professional who can give you clear advice based on the specific circumstances and tax situation of your business.
If you need a CPA, my accountant Leo Leydon has 25+ years of experience and has been phenomenal in helping me safely maximize the tax deductions for my own blog business. I couldn’t recommend him more highly.
6. Understanding Estimated Taxes (Paying Quarterly Estimates)
Image of Computer Screen (Paying and Calculating Estimated Taxes)
Employees don’t have to worry about paying taxes throughout the year. This is done automatically for you by your employer (and taken out of your paycheck at each pay period).
Why Do Self-Employed People Need to Pay Estimated Quarterly Taxes?
Not everything you spend money on is tax deductible—and being too loose with your deductions can land you in hot water with the IRS.
The IRS describes legitimate deductibles as both “ordinary and necessary.” That means that the expense must be common to your type of business and necessary for the work you’re doing.
Personal expenses cannot be deducted unless they’re also clearly used for your business. In this case, you can deduct part of it on your taxes. For instance, if you do most of your work at home, you may be able to deduct a portion of your utilities..
Here’s a starter list of the many blogger tax deductions (expenses) you can potentially write off on your blog taxes:
Advertising and other blog promotion-related expenses
A portion of household expenses if your office is in your home
Office supplies
Educational blogging courses, blogging books, or eBooks that help with armenia phone number library blog (educational deductions)
Fees for your web hosting (even if you’re on a cheap hosting plan)
Any tools for running your blog
Professional services (like writing help, designers, and developers)
Equipment and software (especially if purchased to test and write something like my Bluehost reviews analysis)
Rent for an office space
Meals and entertainment (for business purposes)
Business-related travel (including Uber & Lyft rides)
When in doubt about whether a particular expense will qualify as deductible, I recommend getting in touch with a tax professional who can give you clear advice based on the specific circumstances and tax situation of your business.
If you need a CPA, my accountant Leo Leydon has 25+ years of experience and has been phenomenal in helping me safely maximize the tax deductions for my own blog business. I couldn’t recommend him more highly.
6. Understanding Estimated Taxes (Paying Quarterly Estimates)
Image of Computer Screen (Paying and Calculating Estimated Taxes)
Employees don’t have to worry about paying taxes throughout the year. This is done automatically for you by your employer (and taken out of your paycheck at each pay period).
Why Do Self-Employed People Need to Pay Estimated Quarterly Taxes?