April 14, 2012

Are Blogging Expenses Deductible?



Yes. Like any other business, if you generate revenues from your blog(s) and live in the United States you are required to report the income generated from your blogging activities. Therefore, you are entitled to deduct all “ordinary and necessary” expenses related to that venture. However, it is important that you have your expenses well documented.

Here are examples of deductions you may be entitled to deduct against your blogging income:

  • Internet related expenses – hosting fees, domain name registration fees and blogging software.
  • Computer equipment – computer, laptop, Ipad, web camera, digital camera, and software.
  • Communications-related equipment used to run your blog – fax machine and cell phone.
  • Office equipment – desk, chair, and file cabinets.
  • Office space related expenses – rent and utilities.
  • Office supplies – business cards, paper, folders, stamps and stationery.
  • Advertising – logo and letterhead designs, promotional give-aways, and SEO services.
  • Travel & entertainment – conference fees, and hotel, and dinning while traveling away related to your blog.
  • Professional associations and subscriptions – books, magazines, website memberships, and professional association dues.
  • Professional fees – lawyer and accountant.

The key to your success in deducting your blogging expenses is to have organized records. It may seem to you that you are not spending a lot on your blogging endeavours. However, the reality is that blogging costs and if you are making income from your blogging, you might want to offset some of that with the help of tax breaks for your costs.













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