Friday, January 4, 2013

Online Taxes Tips for Bloggers

Taken from:
http://turbotax.intuit.com/tax-tools/tax-tips/Self-Employment-Taxes/Tax-Tips-for-Bloggers/INF22232.html

Blogging is a relatively new profession, but it's covered by the same tax laws that apply to many other occupations. You may be able to take advantage of certain deductions to reduce your tax bill.
 
Blogging is a relatively new profession, but it's covered by the same tax laws that apply to many other occupations. The main danger from a tax perspective is that, as a blogger, your taxes won't be automatically withheld from your earnings, as is typical with salaried employees. Additionally, you'll owe self-employment taxes that most employees don't pay. However, you may be able to take advantage of certain deductions to reduce your tax bill.

Some of the other topics this article touches on include:
Estimated taxes
Self-employment tax
Deductible expenses for bloggers and
Business as hobby

Take a few minutes to check out this article, it will be very worth it. The information can definitely help new bloggers who are becoming accustomed to making their hobby into a part time, or full time profession. Tax time is just around the corner, so take some time to educate yourself on the new tax changes and make sure you file your taxes with someone who will take care of you(and your taxes!).

These posts are for informational use only to educate people about their online income taxes and the financial world around them. If you found this helpful, share the original article or this one, and help spread the word!


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