I am definitely not a tax professional and you can take my suggestions with a grain of salt, but to confirm if these are really legitimate tax deductions for bloggers in your country, make sure you ask your accountant.
I have operated many businesses over the years, in fact I have never worked for anyone, but bloggers making money online is a completely different story. The potential tax deductions are often overlooked as bloggers are busy people, no doubt. Bloggers are simply sitting in their home office making money, sticking to their daily blogging routine, not realizing the legitimate tax deductions that they could be claiming.I live in Australia and have just had my tax done by my accountant. I just thought I would share some of the tax deductions that I have used in the past. (This might not apply to you in your country)
1. Rent for Business Premises – Tax Deductions for Bloggers
Ahh this sounds scary but it is not. Bloggers making money online have got the cheapest rent in the world. I have mentioned before that I used to pay in between $10,000 and $11,000 a month to rent a shop premises near Brisbane. Now I am earning just as much money from blogging but I do not have the stress of working seven days a week and employing 15 people. (OMG that was a nightmare!)Now I rent my Internet premises from Hostgator for around $10 a month, allowing me to open approximately 15 businesses, just with that one small fee. I also have other hosting accounts with Hostgator with more businesses (WordPress websites) on them.
Even though the renting fees are tiny compared to the income that they produce, the fees are still tax-deductible.
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