Tax Write Offs for Youtubers, Influencers & Content Creators

Today, I’m going to go over my top tax write-offs for Youtubers, influencers, and other content creators. Now, these types of self-employment opportunities are very unique in the fact that the person is usually the business.

And because of that, there is a lot of flexibility in terms of the tax write-offs 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 40-50% 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).

[JustTheilogs]

Love how you keep your content upbeat and interesting. Thank you!

[RainaRaybands]

Howard Grad here and I’ve been creating for years BUT with this amazing video ❤🎉 you gained a sub and i will be financially free, creating content FULL TIME with this advice. I admire your teaching style, and this is free game. I truly believe the only way to financial freedom is starting a business since inflation killed the middle class. Thank you so much

[TheFangGirl]

this is amazing! Thanks so much for these videos. I just started as a sole prop and have gotten into watching these videos—super helpful

[SelenaTrevino]

this is amazing !! I would watch a whole series about this

[FinancialFreedomMadeSimple]

Great to know this bro! Thanks for the upload.

[mojo.adventures]

Thank you for this excellent & informative video! 👍 We're new creators who upgraded some recording equipment last year and your video got us just the info we needed to know 😎

[TravelTipsbyLaurie]

Fantastic tips on what to keep track of for write-offs. I just got an EIN and Google Adsense is not easy to navigate now as a creator.

[hannahhh]

I was worried about taxes as an upcoming content creator and couldn’t find a clear explanation ANYWHERE! this video TRULY is a life saver and touches everything clearly on how to handle it. tysm😭💟 God Bless

[bookingsessential]

That's good content... You don't need luck in business... it comes with sensible rationale and the discipline to finish your books before you go out. great work.

[tangleduniverse]

Thank you so much this was the exact video I needed. I'm new to all of this.

[NursesToRiches]

Just the video I've been looking for. Thanks!

[YourAdjunctProfessor]

Great content and good info for those getting started!!

[alvarezgamers]

Bro you killed it! Thanks for the helpful info. I have another yt channel that is on the verge of monetizing and I’m trying to grow it more. So this is helpful !

[sandrah]

Great video! Very informative!! Thank you!!!

[breanna_madden_]

This was amazing and so helpful! thank you thank you!!!

[HaloDaycare]

Just wanted to say thanks you, hope this comment contributes to the algorithm in a positive way. This video helped me understand that I need to take certain precautions. Thanks.

[PieceOfThePieWithTy]

Can I write off advertising & Equipment before I make money from my content?

[TopGrandTour]

I made a purchase to build up my pc last year, didn't start business until this year where i'm now making money. Am i able to somehow find the statements of the purchases and claim them for this year's taxes?

[shermanehylton]

Your videos is awesome, I just started up my LLC this next as a Licensed insurance agency, and I need a CPA that will truly help me with my tax.

[freakinfrugal]

HELP! in past years, my YT income statement from google came as a 1099 NEC and Turbo tax treated it as personal income. This years 1099-NEC was treated by turbo tax as a business and so had to pay business taxes. I earned $20, 000 less in 2021 than in 2020, but my 2021 income tax was about $6000 higher. Does this sound right?? Did all Youtubers have to list income as a business income rather than personal income???