Things to write off on your tax as a writer

Google+ Pinterest LinkedIn Tumblr +

If you’re writing for websites on the internet, you can write off some of your expenses on your tax return. This is because you work as an independent contractor. Whenever you are an independent contractor, you get to write off your expenses on your tax return. You have to save all of your receipts for your write off. You should put all of your bills, receipts in a shoe box somewhere and write it off later on. You have to pay for electricity on your own. You have to pay for a laptop on your own. You have to pay for your own health care cost. You can write all of these things off on your tax.

If you run a blog, you can also write it off too. Any cost related to your blog, you can write it off. You can subtract all of your cost and get a tax refund for it. It cost you money to run a blog. You have to pay for hosting, domain, privacy, employees, losses, and all of those can be write off on your taxes. You don’t get any coverage from an employer so you have to be able to get some return at the end of the year. If you’re a business owner, you should be able to write it off on your taxes. You are granted the tax credit if you own a business. Your blog is a business if you really look at it. It’s under your name and you generate revenues from it. You hire employees to do some writing for you so it’s like an employer to an independent contractor.

If you’re writing for a website, you can also take all of your cost and write it off of your tax. For example, you have to buy a new laptop because your old one dies. You can write that off of your tax, you should save the receipt for it. If you spend a lot of electricity, you can write that off too. If you bought extra resources to write, you can also write that off. While you’re being an independent contractor, you can also write off most of your healthcare cost. The IRS allows healthcare cost like dental, vision, surgery, hearing and more. You can write off these things on your tax. You have to have receipts for them just in case you get audited.


About Author

Leave A Reply