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March 2, 2010

Taxes for Working Writers – Getting Organized for Income Tax Season

The downside of making money as a writer or blogger is paying income taxes; to ease your pain come April, here are eight ways for working writers and bloggers to get their taxes organized. This is important, fellow scribes, because the sooner you treat freelance writing like a business, the more money you’ll earn as a writer (and the more income tax you’ll pay — but hey, at least you’re making money writing or blogging!).

Before the tips, a quip:

“Writing is the only profession where no one considers you ridiculous if you earn no money.” ~ Jules Renard.

My goal as a working writer and blogger is to earn enough money to make paying income taxes a pain in the keister; earning no money is not an option! If you earned money writing last year, make sure you’re using tax software such as the TurboTax Deluxe Federal + State– it definitely makes calculating, filing, and paying income taxes easy (I remember the good old days, doing my taxes on paper!). But since doing taxes involves more than software, here are eight things for freelance writers and bloggers to think about as income tax season approaches…Read More »Taxes for Working Writers – Getting Organized for Income Tax Season