OnlyFans Tax Write Offs: Deductions To Claim on Your Taxes in 2024

OnlyFans is a very popular platform that allows creators from all walks of life to earn money from the comfort of their homes. As popular as OnlyFans has become, it’s surprising that so many creators are unaware of the various perks of making money on OnlyFans.

One of my favorite things about being an OnlyFans creator is that it allows me to get a serious tax break every year. In this article, we will go over some of the basic things every OnlyFans creator in America should know about their taxes. Read to the end to see a comprehensive list of purchases that can be claimed as a tax deduction- there’s probably more categories than you think!

OnlyFans Taxes

First things first, all income earned from OnlyFans is taxable. As an OnlyFans creator in the United States, you absolutely must report your earnings to the IRS each year. Otherwise, you risk paying hefty fines or even criminal penalties.

How to Pay Taxes for OnlyFans

If you have earned over $600 within a calendar year on OnlyFans, you will receive a 1099 form from the platform. If you don’t receive a copy of the tax form in the mail, you can easily download it from your OnlyFans account dashboard. The 1099 tax form will report your earnings and should be included in your tax return.

You will also need to complete form 1040. On this form, you will need to report your income and your losses. You’ll need to add up your tax write-offs and calculate whether you earned money or lost money as an OnlyFans creator this year.

OnlyFans Tax Write Offs

Most OnlyFans creators who earn serious money on the platform also spend money on work-related materials. Especially if you are regularly creating custom content for your OnlyFans subscribers, chances are that many of your purchases are actually tax deductible!

From lingerie, to rent, to your internet bill- here is a comprehensive list of OnlyFans tax deductions

• The portion of cellphone expenses used for your OnlyFans business
• Props bought for OnlyFans content creation (such as sex toys, lube, and condoms)
• Costumes, uniforms, and lingerie purchased for OnlyFans content creation
• New technology (laptop, tablet, phone, speakers, headphones, cameras, etc.) purchased to create or edit OnlyFans content
• Filming supplies bought for OnlyFans content creation (tripod, lighting, backdrops, etc.)
• Beauty services (lash extensions, nail appointments, hair appointments, professional makeup, etc.)
• Beauty products that are used specifically for filming OnlyFans content (makeup, nail polish, wigs, hair extensions, etc.)
• Travel expenses (gas, plane tickets, meals, parking fees, hotels, etc.) accrued during travel to filming locations
• Digital products (such as Tip Menu templates, Monthly Caption & Content Idea Bundles, OnlyFans Tip Games, OnlyFans JOI Scripts) purchased to improve the quality and expedite the speed of your OnlyFans content creation
• Collaboration fees paid to other models
• Fees paid to business consultants, editing freelancers, virtual assistance, and other freelance workers.
• A portion of your gym membership
• If you rent your home and film there, a portion of your rent is tax deductible.
• A portion of your internet bill
• Office and administrative supplies related to running your OnlyFans page (such as printers, printer ink, toner, printer paper, pens, etc.)
• Subscriptions and software required to run your OnlyFans page (Canva, video editing software, Facetune, etc.)
• Medical expenses (such as STD testing) can be tax-deductible if you collaborate with other models to create adult content
• Professional development (such as enrolling in online courses, and purchasing e-books or audiobooks) related to OnlyFans content creation or OnlyFans business development are tax-deductible.