Here are 5 ways to legally reduce your taxes if you’re a KZfaqr or content creator. 📹⁠
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Basically, you can claim tax deductions for any expenses related to the content you create because that’s how you generate your income. So you need to be generating income from your videos.⁠
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Also, you can only claim the business portion of the expense if there was also personal use involved.⁠
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Number 1 - purchases related to the videos or content. Like a product review or an Uber while you vlog.⁠
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Number 2 - home office expenses for shooting or editing content, like this monitor, keyboard, and computer!⁠
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Number 3 - contractors you use to help create your content.⁠
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Number 4 - travel expenses related to the content you create. If you’re a travel KZfaqr going to Bali, you can claim the business portion of your flights, meals, and accommodation!⁠
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Number 5 - your accounting fees! ⁠