General expenses
It doesn’t matter what type of blog you write, below are general expenses that all bloggers should track to minimize their tax bill.
Bank fees
It doesn't matter if it's the monthly service fee, ATM withdrawal fee, or credit card renewal fee. If you're paying a fee to the bank to operate your business, you can write it off.
Employees and subcontractors
Whether you hired a team member full-time or work with a subcontractor on an as-needed basis, their salary and fees are tax deductible.
Gear and equipment
Upgraded to the Shure SM7B or got the latest 16-inch MacBook Pro for your business? All of these count towards your deductions.
Legal and professional services
You can deduct all costs associated with hiring professionals for your business. This includes accountants, lawyers, financial advisors, marketing agencies, production logistics, etc.
Marketing and promotion
Website hosting, domain names, promotional swag, digital ads, and listing fees are some of the business marketing expenses that you can write off.
Mobile phone bill
Discovery calls, responding to comments, and posting on social are examples of how you might be using your phone for work. If that's the case, deduct a portion of your phone bill.
Office rent and lease
Prefer working from a studio or a coworking space? You can deduct all your office-related costs if you're not claiming your home-related expenses.
Office supplies
You can deduct all items used in the general operation of your business. This includes sharpies, post-it notes, smoke sticks, printer ink, and staples.
Payment processing fees
Invoiced a sponsor for ad placement? If they paid you with a credit card, you likely paid 2.9% + 30 cents processing fee. You can claim any such fees paid.
Professional development
Enrolling in courses, joining mastermind groups, and listening to audiobooks are some examples of how you can grow as a creator—all of which you can write off.
Software and apps
Canva, Notion, Calendly, Simplecast, and Adobe Creative Cloud. These are just some of the tools and services you can write off as a business expense.
Trade events and seminars
Attending an in-person conference or tuning into an online webinar for work? If so, you can expense the event tickets.