Tax Deductions for Bloggers
I just left the tax office (too busy to do it myself) and I am pretty impressed. No, not because I’m getting a huge refund; I’m shocked that it is completed before April even hit. I’m usually really bad when tax time rolls around. Well anyway, I scooped up all of the affiliate, ringtone, and adsense paperwork and headed down to the office. If you haven’t done it yet, here is a list of deductions that you can’t forget to include if you make money online.
- Internet bill (broadband, dsl, wireless)
- Cell Phone Bill
- Business Mailbox or P.O. Box
- The section of your home where you do the most surfing
- If you surf at home, 10% of you utility bills
- CTIA last year? All travel expenses
- Hosting and Domain Fees
- Adwords (or any internet advertising you did)
The coolest thing about this list is most of it can be tracked online somewhere. Adwords will give you a 2006 report of everything you spent last year. It’s not a perfect list but something is better than nothing at all. Hey, it could make the difference between owing and paying.
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