Tax Write-Off Tips for Photographers (That You Might Be Missing!)
If you’re a photographer, tax season might feel like a daunting maze of numbers and receipts. But don’t worry—the latest episode of The Edit podcast is here to demystify the process and help you keep more money in your pocket. 🎉
In this episode, we dish out practical and surprising tax write-off tips that every photographer needs to know. Spoiler alert: there’s a good chance you’re leaving money on the table!
What You’ll Learn in This Episode:
The Basics of Business Write-Offs: We break down what exactly counts as a legitimate business expense. From the obvious (your camera and gear) to the more surprising items, this is a must-know for every business owner.
Surprising Write-Offs You Might Be Missing: Did you know that things like Spotify subscriptions (if you play music at client sessions) or even your coffee runs (for meetings with potential clients) could qualify as deductions? They even talk about deducting your home office space—even if it’s a corner in your bonus room.
Travel Expenses: Whether it’s a destination wedding or driving to a local shoot, keeping track of your mileage and travel-related costs could save you big at tax time. Plus, we share our tips on how we track these expenses with apps—game-changer!
Education and Professional Development: Attending workshops, buying photography books, or even signing up for online courses to level up your skills? You might be able to write these off, too.
The Importance of Good Record-Keeping: Erin spills the tea on why having a solid system for tracking expenses throughout the year is a lifesaver. Bonus: we recommend our favorite accounting tools to make it all easy.
Working with an Accountant: Amanda emphasizes the value of hiring a professional to help navigate tricky tax laws and ensure you’re getting all the deductions you deserve.
Why You Need to Watch This Episode
We get it— taxes aren’t the most exciting topic… but saving money is! By the end of the episode, you’ll feel empowered and equipped to tackle your taxes—and maybe even a little excited about all the money you can save.
✨ Ready to keep more of your hard-earned money?
⏯ Click here to watch the full episode on YouTube!
🎧 Click here to listen to the full episode on Spotify!
From surprising write-offs to pro-level advice on staying organized, this episode is packed with gems to make tax season work for you. Who’s ready to keep more cash in their pockets? 🙋♀️
Don’t forget to like, subscribe, and share with your fellow photographers!
Have a great week!!
The Edit Ladies 😊