“A blogger? Is that even a job?” Have you ever had a phrase of this sort directed at you in that irritatingly patronizing tone that makes you grind your teeth and dream of cosmic justice? I can feel your pain, comrades! But let us leave the ignorant to their ignorance and focus on what we, as a community of bloggers, know for sure. Blogging is very much a business and you are an entrepreneur. This means that like any other entrepreneur you are entitled to some tax deductions.
Blogger’s Tax Deductions List (what you could claim):
Blog theme and web design services (fonts, graphics, etc.)
Plugins used on your website
Hosting and domain
Attendance of professional workshops and conferences
Content writer services
This is by no means a complete list, so you can see how being a blogger means you really lucked out in the tax department. Better yet, if you find an expert on taxes who specializes in helping freelancers, you might even get some of your living expenses covered by business-related tax deductions. After all, you are working from home and the lines between expenses aren’t 100% clear.
However, for this whole system to work properly, you’ll need to hire a professional. Hiring a tax pro is always a good investment, so don’t hesitate if you don’t want to miss your chances to get all deductions you can possibly claim. This will contribute to making your blog more profitable, which means you’ll have more money to invest in making it better.
Be sure to consult a tax expert as early as possible. They should explain to you what kind of documents you need to collect in order to prove various business-related expenses to be eligible for deductions.
You’ll be in the best position if the blog is your only source of income.
But before you get too excited, remember that taxes are a complex matter so the deductions you are eligible for will vary depending on your exact circumstances. For more info on taxes, click here.