How to do Taxes as a NSFW Creator

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It’s almost tax season… even more, dreaded than a needy fan who keeps bugging you and ends up not being worth the time. You normally wouldn’t think about filing taxes as an OnlyFans or CLIQ creator, but it is something that you have to legally do. We’ve all been there and this blog will help prepare you to do taxes as an NSFW creator. 

First off, you need to decide what type of creator category you fall in hobbyist or profession. A good rule of thumb is whether you consider it your full-time career and how much time you put into it. Note: if you make less than $600 a year from your online creator business, you don’t have to file anything. Also, if you are working for yourself instead of an agency, you are self-employed. This means that you are responsible for paying all of your taxes as both the employer and the employee on any income that you earn.

Taxes for Hobbyists

The ability to itemize expenses for hobby-related activities was suspended by the IRS in 2018. This means that as a hobbyist, you will not be allowed any deductions. That being said, there is no self-employment tax for income made on hobbies, meaning you will only have to pay income tax.

If you OnlyFans as a hobby, any income made is taxable. You will need to file it on the taxable earnings section of form 1040 (on line 21 labeled “other taxable earnings.”). Any brand you work with should send you a 1099 if you earned more than $600.

Taxes for Careerists 

If you are a career influencer, you will be responsible to pay both self-employment tax and income tax. This year, self-employment tax is a set 15.3%. The IRS considers that income goes through the “business” that the influencer works for (even though the influencer technically works for themselves).

As a “business,” you will need to pay both Social security and Medicare taxes for both the employer and the employee. This year, your social security is 6.2% for both the employer and the employee, and medicare is 1.45% each. Add these together and you will have 12.4% for social security and 2.9% for Medicare tax. The good news is that your self–employment tax is based on net earnings (revenues – relevant expenses), so you may not have to pay as much tax as you think.

In addition to social security and Medicare, you will need to pay income tax. You will need to pay this on any income you made during the year (minus any applicable expenses or deductions).

Unlike self-employment tax, your income tax will vary depending on the amount of money you made. You will be able to determine the amount of tax you pay off of a table (there is one included in this article below).

Tax Services

You will probably want to work with TurboTax or a similar service to make sure you handle everything correctly. They can also assist with business deductions. This is a huge life hack. Think of all the purchases you made that were related to running your NSFW creator business - all of that would be considered business expenses therefore you can write it off. 

Good Luck! 

Resources

Here’s a list of resources we used to put together this quick guide as well as some extra ones you can check out:

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