What Writing Expenses Are Tax Deductible?

If you're trying to earn money from your writing (whether that's by freelancing or trying to sell your novel) you get the benefit of business-related tax breaks. But there are some conditions. Here's what you need to know.
Author:
Publish date:

I’ve been writing for a couple of years now, both working on a novel and doing some freelance work. What might be considered business expenses that I can deduct on my taxes? —Kaley A.

tax-deductions-for-writers

The writing business is like any other business, and that means you get the benefit of business-related tax breaks. If you’re a writer and are earning money from your writing (or are at least trying to earn money from it), you can deduct most materials related to your writing venture. This includes pens, paper, printing costs, postage and other writing supplies (though not snacks such as nacho-cheese-flavored Doritos, even if you get your cheesy fingerprints on the supplies—trust me, I’ve tried!).

Other deductible expenses that you should keep receipts for include writing-related travel costs, conference admissions, writing group or association fees, and business lunches—such as when you’re interviewing someone over lunch or dining with a potential client. Research materials (all those books, magazines and newspapers, huzzah!) are deductible, too. You may also deduct items such as a new computer or printer, though you may have to amortize the equipment deduction over a couple of years, so it’s best to consult with a professional tax preparer on those types of purchases.

Also, it’s important to note that if you claim your writing as a business, the IRS expects you to start making money after a couple of years. So if you’re making minimal money, for tax purposes you may only be able to claim your work as a hobby, which would allow you to deduct expenses only up to the amount of income you’ve made from writing.

The key to tallying tax deductions for writing-related business expenses is to keep receipts and records for everything. That way, if you’re ever audited, you’ll have the documentation to back it up.

But, if you’re ever in doubt, consult a professional tax preparer.

Want to learn more that can save you money?
Get Finances and Tax Issues for Writers.
For a few bucks you can improve the business side
of your writing career. Order now.

Z6917

Finances and Tax Issues for Writers

**********************************************************************************************************
Follow Brian on Twitter: @BrianKlems
Sign up for Brian's free Writer's Digest eNewsletter: WD Newsletter
Buy Brian's book OH BOY, YOU'RE HAVING A GIRL, A DAD'S SURVIVAL GUIDE TO RAISING DAUGHTERS

WD Vintage_Armour 12:03

Vintage WD: Don't Hide Your Light Verse Under a Bushel

In this article from 1960, poet and author Richard Armour explores the importance of light verse and gives helpful hints to the hopeful poet.

Arlen_12:1

Tessa Arlen: On Polite Editorial Tussles and Unraveling Mysteries

In this article, author Tessa Arlen explains how to navigate the differences between American and English audiences and create a realistic historical mystery.

Poetry Prompt

Wednesday Poetry Prompts: 547

Every Wednesday, Robert Lee Brewer shares a prompt and an example poem to get things started on the Poetic Asides blog. This week, write a lazy poem.

Williams_12:1

Denise Williams: Romance, Healing, and Learning to Love Revisions

Author Denise Williams recounts her experience with writing her first book while learning about the publishing industry and the biggest surprise about novel revisions.

November PAD Chapbook Challenge

2020 November PAD Chapbook Challenge: Next Steps

Here are the final steps for the 13th annual November PAD Chapbook Challenge! Use December and the beginning of January to revise and collect your poems into a chapbook manuscript. Here are some tips and guidelines.

shook_vs_shaked_vs_shaken_grammar_rules_robert_lee_brewer

Shook vs. Shaked vs. Shaken (Grammar Rules)

Learn when to use shook vs. shaked vs. shaken on with Grammar Rules from the Writer's Digest editors, including a few examples of correct usages.

November PAD Chapbook Challenge

2020 November PAD Chapbook Challenge: Day 30

For the 2020 November PAD Chapbook Challenge, poets write a poem a day in the month of November before assembling a chapbook manuscript in the month of December. Today's prompt is to write an exit poem.

writer's digest wd presents

WD Presents: New Online Courses and Manuscript Critique

This week, we’re excited to announce courses in blogging and memoir writing, manuscript critique services, and more.