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Team Cartwright

Practical Parenting, Twins +1, Easy STEM With Kids

Blog Bookkeeping

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Home Office Deductions for Bloggers

Let’s talk the business of blogging today.  If you are a mom blogger and trying to make some money off of your blog, there is a good chance part of why you want to do that is so you can 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? I can help you with that.)  One of those deductions to keep in mind is your home office.  Here are the basics you need to know about home office deductions for bloggers.

How to determine if you qualify for and how to calculate home office deductions for bloggers. #blog #bookkeeping #smallbusiness #taxes

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15 Tax Deductions for Bloggers

Taxes can be frustrating.  There is no nice way to say it.  But there is one thing everyone likes- Deductions!  I think a lot of people take up blogging as a potential revenue stream because there are minimal start-up costs.  You don’t need much outside your computer.  But, like all hobbies or businesses, there are expenses.  Even if you have been tracking your expenses and income,  you might not be sure if you have forgotten anything.  You don’t want to miss anything!  I’ve compiled a list of 15 tax deductions for bloggers to help you out.

Are you a blogger trying to figure out the business side of things? Confused on your blog taxes? I can help. Here are 15 potential tax deductions for bloggers.

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Is My Blog a Business or a Hobby?

We are diving into another blog bookkeeping topic today!  In the blogging world there is a lot of talk about monetization.  Everyone likes making money.  Some people blog with the express interest of making a profit, while others view it as a happy bonus if they make some extra cash.  Does how you run your blog matter?  Well on a blog level no, it is up to you.  But come tax time yes.  It does matter.  Hobbies and businesses have different tax requirements.  So the question is then: Is my blog a business or a hobby?

(Not interested in the blogging side of life?  Check out 5 Ways To Soothe Crying Twins for some twin tips or 5 Five Minute Fall Activities for some easy fall themed STEM activities!)

Is my blog a business or a hobby? Questions to ask for tax time.

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How to organize your blog bookkeeping

Taking your blog to the next level by monetizing is very exciting.  There are so many opportunities!  But with these new chances to add to your family’s income come additional requirements.  A big one? You have to pay taxes on that newfound income.  That means you are going to need to keep track of your income and expenses.  In order to do that, you need a system of just gathering and keeping that information.  It’s time to face what most people want to ignore- your bookkeeping.  How do you organize your blog income and expenses?  What information do you need to track for your blog taxes?  I know it sounds daunting, but I have a simple system that can get your blog bookkeeping in order in no time. (And a handy cheat sheet to print out!)

How to organize your blog's bookkeeping information.

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