Since Tax Time is here again, I thought I’d share this once again for all those writers and prospective writers out there who might need the advice.
In writing, as in many things, there is no getting away from the absolutes: Death and Taxes. The good news, such as it is, is that writing can have a number of perks, chief among them is making you a bit of money. The bad news, of course, is that you’ll have to pay taxes on that money.
Even if you’re not earning money on writing just yet, your writing can save you a bit come tax season. Writing, so long as you are making a sincere effort at publishing or getting published, is a business. As a business, you can take deductions from expenses common both to general writing and genre fiction. Those deductions can really start to add up and can be a real benefit when you go to file your taxes, hoping to get a little bit more money back.
If, like me, you’ve earned money writing…
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