Self-Employed Friends with Tax Benefits: So You Made Money On Social Media? Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeamKatharina Reekmans, EALauren ThomasDaniel Thrall Featuring TurboTaxBlogTeam, Katharina Reekmans, EA, Lauren Thomas, Daniel Thrall Published Mar 17, 2022 - [Updated Apr 29, 2022] 2 min read The first episode of Friends with Tax Benefits is out, and we are so excited to share it with you! Friends with Tax Benefits is a 12-episode conversational-style podcast. Each episode, our hosts, Lauren Thomas, Katharina Reekmans, and Daniel Thrall, get three minutes to dish out real and actionable tips in our ‘3 for 3,’ as well as answer commonly asked questions Q&A style. Believe it or not, these friends know how to make personal finance fun. This first episode is all about the Creator Economy – aka influencers – and what it means for creators’ taxes when they start earning money with their social feeds. That’s right… when you start earning income, it has to be reported on your tax returns! So, what does that mean for the creator? It means you are technically self-employed! So it’s time to get serious about how you manage income and expenses. Spending money for your small business (Hello, makeup influencers trying out the latest products to review!) means you can potentially claim the expense as a tax deduction. Start keeping your receipts, and stay on top of those quarterly estimated tax payments. Listen to the full episode today. Join Kat, Lauren, and Daniel as they explore this topic in depth, offer their personal experiences and perspectives, and Kat, our resident tax expert, answers questions directly from creators. For even more info about the Creator Economy, don’t forget to read our new blog that answers creators’ burning questions. Have a question for our Friends with Tax Benefits team? Drop in the comments below and maybe they’ll answer it in a future episode! Follow the Friends with Tax Benefits podcast on Spotify or Apple Podcasts. New episodes drop every Thursday. The views, information or opinions expressed during the Friends with Tax Benefits podcast series are solely those of the individuals involved and do not represent those of Intuit, TurboTax or any of its brands. The primary purpose of this podcast series is to educate and inform. This podcast series does not constitute financial, legal or other professional advice or services. Previous Post So You’ve Got a Side Hustle? Next Post TurboTax Launching Friends with Tax Benefits Podcast Written by TurboTaxBlogTeam More from TurboTaxBlogTeam Comments are closed. Browse Related Articles Crypto Understanding Crypto and Capital Gains Work 7 Things You Need to Know About the New Business Report… Work Using Form 8829 to Write-Off Business Use of Your Home Tax Tips Roth 403(b) vs. Roth IRA: Which Should You Invest In? Life Interest Rates, Inflation, and Your Taxes Investments Essential Tax Tips for Maximizing Investment Gains Uncategorized TurboTax is Partnering with Saweetie to Elevate Hoop Dr… Business Small Business Owners: Optimize Your Taxes with a Mid-Y… Small Business The Benefits of Employing Your Children and the Tax Bre… Income and Investments Are Olympics Winnings Taxed?