#tips-deduction

[ follow ]
#tax-policy #creator-economy #irs-enforcement #onlyfans #pornographic-activity-definition #digital-creators
Law
fromwww.mediaite.com
13 hours ago

IRS Agents to Review OnlyFans Content to Determine if It's Pornographic'

IRS agents may have to view OnlyFans and similar creators' content to determine if tips are excluded as pornographic under an unclear tax-law exemption.
fromMorning Brew
2 months ago

Appreciate the (tax free) dono, chat

The deduction is capped at $25,000 for any single filers making up to $150,000 per year, which is great news for anyone who says "like and subscribe" for a living: Most creators earn below the $150,000 mark, per the Creative Class Group. A 2024 study from the Creative Class Group showed that more than a quarter of US-based influencers with at least 100,000 followers reported earning tips.
US politics
Digital life
fromThe Hollywood Reporter
2 months ago

"No Tax On Tips" Includes Digital Creators, Too

U.S. Treasury now classifies digital content creators as tip-eligible, enabling a capped tax deduction for tip income and potentially shifting creator monetization strategies.
US politics
fromFast Company
5 months ago

No tax on tips or overtime, with a catch: What to know as Trump's Big Beautiful Bill passes the Senate

The Senate passed Donald Trump's legislation, including new tax write-offs for tips and overtime pay, which is set to expire at the end of 2028.
[ Load more ]