Top 10 Tax Deductions For Influencers
⭐ Subscribe to Clickbait to learn how to become a social media millionaire: https://applecrider.com/clickbait ⭐ YouTube creators, TikTok creators, and social media influencers in general, have a ton of tax deductions and write-offs available to save on taxes. However, many creators are not taking full advantage of all of these deductions!
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Influencers can end up owing a lot in taxes. And I do mean a lot in taxes.
For context, some of my friends and clients are sending more than enough to buy a brand new Tesla to the IRS each quarter.
Now in the grand scheme of things, this isn’t a bad problem to have. It means that you’re making a substantial amount of money and are (hopefully) able to set aside a good amount for yourself after everything is said and done.
However, regardless of how you feel about taxes, most of us don’t want to pay any more than we need to. In this article, I’ll be breaking down the top 10 tax deductions that many influencers are not taking full advantage of.
While not all of these deductions may apply to your particular situation, it’s possible that you might find a couple of gems that could save you a significant amount on your taxes.
So let’s get into it!
If you want to learn more about taxes, check out our full guide on income taxes for self-employed people.
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TIMESTAMPS
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00:00 - Intro
01:31 - Disclaimer
01:45 - Renting Your House To Your Business
03:30 - Self-Employment Taxes
05:02 - Phone & Phone Bill
07:05 - Qualified Business Income
08:22 - Business Travel
10:56 - Home Office Deduction
12:41 - Retirement Plan Contributions
14:20 - Credit Card Interest & Fees
16:02 - Business Expenses
17:48 - Moving To A 0% Income Tax State
20:58 - Final Thoughts
22:04 - Outro
