GalleyCat FishbowlNY FishbowlDC UnBeige MediaJobsDaily SocialTimes AllFacebook AllTwitter LostRemote TVNewser TVSpy AgencySpy PRNewser

Important Tax Tips for Bloggers, Freelancers


The April 15 tax-filing deadline is nearly upon us, and if you get paid for a living to blog or write for digital and/or print publications, the process can seem a bit more daunting than for those media pros whose sole income comes from a 9-to-5 gig.

There are so many questions to ask yourself: Will you file annually or quarterly? Are you considered a sole proprietor or an LLC? If you’re married, is it a good idea to file separately or jointly with your spouse? All of these conundrums are answered in our latest Journalism Advice column.

For starters: [William Perez, tax practitioner and freelance writer] recommends familiarizing yourself with the forms 1040, Schedule C and Schedule SE. Print them off, read them and get acquainted with which items are deductible.” It also helps to have the right resources at hand:

You don’t need to get a degree in accounting to be smart about your tax planning as a freelancer. Set small goals for yourself. Schedule a meeting with a CPA (many will do a free consultation), start a free online trial of a business accounting software program that looks good to you — or take a course like Mediabistro’s Freelancing 101, which includes a section on personal finance.

To hear more tax advice, including what mistakes to avoid, read: Tax Tips for Freelance Writers.

The full version of this article is exclusively available to Mediabistro AvantGuild subscribers. If you’re not a member yet, register now for as little as $55 a year for access to hundreds of articles like this one, discounts on Mediabistro seminars and workshops, and all sorts of other bonuses.

Mediabistro Course

Book Promotion and Publicity Boot Camp

Book Promotion and Publicity Boot CampStarting November 3, learn how to develop a plan for your book's success in Book Promotion and Publicity Boot Camp! In this intensive boot camp, you'll hear from publishing and PR experts how to master the publicity skills needed to ensure a successful book launch using various promotional techniques. Register before October 3 to get $50 OFF with early bird pricing. Register now!