OnlyFans-Specific Write-Offs for Content Creators

Creating content for OnlyFans can be rewarding — both creatively and financially. But, of course, those financial rewards are taxable income, and you may not have any idea what you can do to reduce the amount of taxes you need to pay each year. That’s where we come in to help! 

When we work with OnlyFans creators, we look at the business expenses that creators can write off to lower their taxable income and keep more of their hard-earned money. Here is a guide to some of the tax write-offs that creators like you may qualify for. Just remember to keep good records of how much each of these items cost and how you use them for your business. Staying organized as you go can help tremendously when tax season rolls around. 

Equipment and Technology

The tools you use to create photos, videos, and streams are tax-deductible business expenses.

• Cameras
• Smartphones/tablets
• Tripods
• Lighting equipment, such as ring lights, reflectors, and modifiers
• Greenscreens
• Microphones and audio equipment
• Computers and storage devices
• Physical media used for storage or to create products for sale

Home Studio Expenses

If you’re creating your content in a dedicated part of your house or apartment, then you may be able to deduct these expenses. 

• A portion of your rent or mortgage interest and property taxes
• A portion of your utilities
• Office furniture

For more on home office expenses, check out this post: 7 Home Office Deductions You Can Write Off as a Content Creator

Software and Subscriptions

The software and tools you need to record, edit, and post your content are likely to be tax deductible.

• Final Cut Pro, Adobe Premiere, or other video editing tools
• OnlyFans management tools, such as scheduling apps
• Cloud storage subscriptions
• Backup tools
• Music licensing fees

Wardrobe and Props

The clothing and props you use solely for content creation are likely something you can write off on your taxes.

• Wigs
• Lingerie
• Decorative items for your sets, including pillows, blankets, and sheets
• Toys
• Costumes and specialty outfits
• Other products that are used on camera for content

Beauty and Maintenance

OnlyFans creators, more than most others, must maintain the appearance their fans expect. Because of this, you may be able to write off these expenses:

• Professional hair and makeup services
• Manicures, pedicures, and lash extensions
• Cosmetic procedures (Keep great records not only on the type of procedure performed but also the business necessity, as these types of expenses may receive extra scrutiny from the IRS.)

Marketing and Promotion

Sometimes, marketing can feel like it’s the actual full-time job. But it is essential to keep attracting new fans. Some of the expenses creators can write off include:

• Paid ads on social media platforms
• Social media scheduling tools for marketing posts, such as Hootsuite or Buffer
• Graphic design services such as Canva or even freelancers
• Website hosting and domain fees

Professional Services

The professionals you hire to handle tasks you lack time for or expertise may qualify as a tax write-off.

• Accounting and tax services (Yes, if you work with us, the fees are deductible!)
• Legal advice
• Business coaching and mentoring
• Virtual assistants and marketing professionals
• Any management fees 

Travel and Entertainment Expenses

If you travel specifically to shoot content or to attend conferences and networking opportunities, the costs associated could be tax write-offs.

• Airfare, hotel, rental cars, and rideshare services
• Gas and mileage for content-related travel
• Meals eaten while traveling or for business purposes (these deductions are typically limited to 50% of the meal cost)

Conclusion

We hope this article gives you a good idea of the types of OnlyFans-specific write-offs for content creators. You’ve got a lot of expenses that typical small businesses don’t, so it’s worth taking the time to track what you’re spending to help grow your content creation business.

And if you’d like more help than we can provide in an article like this, book a call with us to see how we can work together to remove the accounting and bookkeeping tasks that keep you from doing what you do best — making content your fans love!