Simple Blog Taxes

How To File Taxes as a Blogger

How to file taxes as a blogger.

Finally making some money as a blogger is super exciting. But figuring out the taxes that come from it can be a bit trickier.

If you have never filed your taxes as a small business owner or have never had hobby income before, you might not be sure what to do about your tax situation, especially in the first years. Whether you are looking for tips for filing taxes for the first time as a blogger, or just want to make sure you are doing things right these tax tips will help.

Here is the step by step guideline of what to do about your taxes as a blogger making money.

How Do I Report Blog Income on My Taxes?

Where do I report blog income on my taxes?

So you made some money blogging. Yay! That is awesome.

Now the bummer part. You need to report that income on your taxes. That’s okay, you know that and are ready to go.

One question. Where exactly do you report this income?

Let’s take a look at the most common forms use to report blog income on your taxes.

Blog Income: The 4 Biggest Ways to Make Money Blogging

Blog Income: How Exactly Do You Make Money Blogging?

Have you read any blog income reports? It seems like bloggers are making a lot of money, right? I know when I started getting serious about blogging, I wanted to get in on that money!

While not everyone makes a lot of money blogging, it is possible to be making money even off your first blog. And it is possible to make money quickly, no matter what you blog about.

You don’t have to be blogging full time to pull in some blogging income either. You can find ways to monetize that suit your needs right away! (Just don’t forget to report that income on your taxes.)

Whether you publish income reports, read online income reports, or are just curious as to how your own blog stacks up compared to other successful blogs, it is important to be aware of all the different ways bloggers can make money.

Here are 4 simple ways to monetize your blog that you can start working on today.

Barter Transactions: Paying Taxes on Free Stuff

Barter Transactions: Getting free stuff as a blogger

You know what one of the best perks of being a blogger is? Free stuff. Yep, bloggers and influencers get free items all the time.

Sometimes these goods or services are just a nice gift. But often they are given in exchange for a review, a shout out, or some other sort of mention. That’s fine of course, but it changes things a bit.

The important thing to know as a blogger and small business owner? You do have to pay taxes on that free stuff. Yes, if you get something for free in exchange for a review or mention, that’s a barter transaction. And it requires taxes. Here is what that means.

Home Office Deductions for Bloggers

Home Office Deductions for Bloggers

Bloggers who make an income blogging are often trying to do so in order to work at home. What does that mean? You might have a home office. If you are treating your blog as a business, that means you get to take some additional tax deductions.

(Not sure if you are a business or a hobby? This will help you decide—> Business or Hobby Blog?)

One of those deductions to keep in mind when you are considering your business expenses is your home office. Here are the basics you need to know about home office deductions for bloggers.

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