Even Writer’s have to Think about Taxes

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EVEN WRITER’S have to THINK about TAXES

Establishing yourself as a viable business person and keeping track of all expenses can add up when tax time rolls around. Almost all expenses incurred for advertising, marketing, publishing, and promoting can be deducted. This would also include equipment (like your computer, computer chair, desk, lighting, etc…).

In some states it is also permissible to deduct a percentage of your electric bill and the mortgage IF you dedicate a space solely for work purposes. In other words, that home office…is worth something.


Other deductible expenses can include the shipping fees, the cost of the design layout, social media management and any other expertise that you paid for and directly resulted in the production of the book, or its sale, distribution, or use. Your gas to and from events may even be deductible and let us not forget the cost of writing seminars and book conferences.







Find a good tax professional that knows how to deal with this type of business.

While you may not be making a living from your books, initially, you will still have to pay taxes on the money you DO make if you make more than $600 for the year. Penalties for not reporting your sales (over $600) can be stiff.

As a writer you are, in effect self-employed and starting your own business. That business is YOU. Reading and educating yourself about the self-employment pros and cons can be invaluable as you continue to build toward becoming a full time author/writer.