Tax Deductions for Influencers, Youtubers, and Content Creators

Рет қаралды 10,418

All Up In Yo' Business with Attorney Aiden Durham

Күн бұрын

Did you know there are some special tax deductions for influencers? As an influencer or content creator, you may be able to take tax deductions for things like your camera, microphone, travel costs, and maybe even food and makeup expenses! Check out this episode of All Up In Yo' Business to learn about some of the top tax write offs for content creators, influencers, and KZfaqrs.
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#AllUpInYoBiz #taxdeductions #influencers
00:00 Intro
01:22 Business vs Hobby
03:15 Deductible business expenses
04:04 Deductions for KZfaqrs and content creators
05:50 Other potential tax deductions
07:36 Importance of keeping records and receipts
09:02 Outro

Пікірлер: 29

@JoyfulLivingwithJenLefforge Жыл бұрын

Aiden, your videos were my bible when I first started and it's WHY I felt so set up for success, even when I had NO IDEA if I would make any money at all. Thanks for making great videos that gave me the confidence I needed to know I was taking my business seriously (even when it was just a wee baby of a business).

@strohmeyerlawpllc Жыл бұрын

And there's not a requirement or even a bonus for having an LLC (or any other entity) to get those deductions. Schedule C can be your friend without the expense of a entity tax return.

@dankpizza Жыл бұрын

this is by far the best KZfaq video I have found on the subject so far, thank you for making this and sharing !

@GrantSR 9 ай бұрын

These are the same tips in seeing everywhere else. But most of us had our equipment before we started trying to make money off of it. The IRS has special rules for deductions things that we already owned. I would love to see videos about that.

@thegodnasr Жыл бұрын

Thank you for this💎

@user-wu2tf6nt5p Жыл бұрын

This was so helpful, THANK YOU! This made me so much more comfortable pursuing these write-off opportunities.

@EmilyMakesIt101 3 ай бұрын

THANK YOU! This is exactly what I’ve been looking for!❤

@drukpakunley5659 Жыл бұрын

Simply Magnificent

@Iriswl1 Жыл бұрын

Thanks Aiden for doing this video. Its Very helpful. 🐦

@drukpakunley5659 Жыл бұрын

Thank you for all you Do

@FIREPsyChat Жыл бұрын

Thanks Aiden this is good stuff

@christinem8900 2 ай бұрын

I’m still wondering what about getting your hair done if you’re on KZfaq filming I would think that falls under actor/ performance which should then allow you to write off hair ?

@Jackpotstat 4 ай бұрын

Very helpful thank you!

@natureswildplayground 5 ай бұрын

We have a outdoors channel we forage hike and exc. we are going to building a cabin and becoming a homestead channel as well we cover many topics my question is would be building a cabin a tax deduction our office will be ran out of our cabin as well

@NuMBERNYC 3 ай бұрын

If you buy products and install them in your DIY car videos, is that considered a cost of supplies expense?

@ariannacolucci92 9 ай бұрын

So should we create an llc or business account as a KZfaq/ content creator? Or should we keep It under our own personal name

@modicafleming 8 ай бұрын

Thanks 😊

@popsemeraldcity1714 Жыл бұрын

What amount the costs to create videos that are used over & over again by subscribers? Are any portion of those costs required to be depreciated?

@Jascensionvoid 4 ай бұрын

So I’m a food influencer and recently a company has started to offer me complimentary dinners in exchange for a post. I’m pretty new to this and wonder do you do general online consultations just to answers questions, learn? Stuff like that. I saw you offered some services but didn’t see a direct option for general consulting call? Thanks in advance. Great video btw!

@getrudechapuisat6630 2 ай бұрын

Anyone running business should always work with tax strategist

@ChristianGenz 7 ай бұрын

Hi Aiden, great video. I found your video after wondering if KZfaqrs (in the case specifically Coldones) can write off their massive expenditures for videos. In their latest video they spend 30.000 aud buying different items of the internet to (in essence) review. You definitely touch upon this, but due to the nature of the items that are being reviewed (and their obscurity), I wonder to what extent this is justifiable legally. I'm assuming you are not familiar with their content, but I was wondering if you could elaborate on how flexible the law is in this particular context.

@NoraMurrell 7 ай бұрын

Beauty content creators - If they do in depth reviews of their Botox procedures, would the Botox be tax deductible?

@JustCallMeMeghan 7 ай бұрын

So, what I'm hearing is, even though my channel is still teeny tiny and only made me about $300 this year, I can deduct all of my bottles of resin, molds, glitters, alcohol inks, etc etc etc. Lol.

@cynthiaivers1708 2 ай бұрын

Probably not as the IRS would probably deem it a hobby not a business.

@keramiz3072 6 ай бұрын

Can a you tuber use the qualified business deduction?????

@appleztooranges 6 ай бұрын

I’m going to deduct my truck that I bought for my channel. Claim it as a loss. Thank you

@javiergcardenas Жыл бұрын

🐦

@kharrison4059 3 ай бұрын

Can always count on you for great, informative videos. If a company offers you a fee to do an ad in your YT video for their product & they send you the product for the video, do you have to count the retail value as income?