Don’t Ignore these Tax Deductions

February 23rd, 2012 → 2:00 pm @

Check out these often overlooked tax deductions:

The business tax for for writers (Schedule C of the Form 1040) has a line called Other Expenses.

Some common business expenses for authors to include in this category include:

  • Books, magazines, and subscriptions. Any publication that helps your writing and publishing business or used in researching your book is deductible. The cost of buying my book Business Tips and Taxes for Writers is a tax deduction.
  • Professional organization dues.
  • Professional development to make you a better writer including classes, conferences and writers workshops.
  • Fees to purchase an ISBN, a Library of Congress Number (LCCN) and bar codes, for your self-published book.
Find even more tax tips in my book! Questions about a tax deduction? Feel free to contact me.

Carol Topp, CPA

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