How Do Taxes Work On TikTok?
⭐ Subscribe to Clickbait to learn how to become a social media millionaire: https://applecrider.com/clickbait ⭐ If you are making money on TikTok, you have to pay taxes. But it's not just that simple. There are different types of income you can get on TikTok with different tax consequences and tons of tax deductions that TikTok creators are able to take. Let's simplify all of that.
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TikTok has given thousands of young influencers the ability to make some serious money on the platform. This is great! But many of these creators have no idea what the tax consequences of that money are and as a result, they might actually be breaking the law.
In this video, I'll be breaking down exactly how taxes work on TikTok, the types of taxes you owe as a TikTok creator, and how much those taxes actually are.
If you know nothing about taxes, you'll come out the other end of this video feeling confident you know what you're doing (and maybe a little upset at the size of your tax bill).
Enjoy!
TIKTOK CREATOR FUND: • [Added] What You MUST Know About The ...
MR BEAST TAXES: • [Added] How Much Does MrBeast Pay In ...
TOP TAX DEDUCTIONS: • [Added] Top 10 Tax Deductions For Inf...
QUARTERLY TAXES: • Quarterly Taxes Explained (what you M...
INCOME TAXES: • Income Taxes For Self Employed (ULTIM...
TIMESTAMPS
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0:00 - Intro
1:16 - How To Make Money On TikTok
6:23 - Tax Deductions for TikTok
9:15 - How Taxes Work On TikTok Income
9:31 - Income Taxes
9:52 - Self-Employment Taxes
14:06 - The Takeaway
15:14 - Outro
