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Thread: Webcam Taxes

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    Default Webcam Taxes

    I have a question about my taxes as a webcam girl. If I make $48,000

    and social security is 15.3% and federal tax is 17.06% (based off of this link:

    , me filing single) and

    my state tax (VA being

    $2,503. Am I supposed to be saving 32.36% in addition to the $2,503 for

    state, totalling $18,035 for the year? Are my calculations too low or too high?

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    Default Re: Webcam Taxes

    That's about right. But, keep your records you should have some deductions.

    XOXO
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    Default Re: Webcam Taxes

    Thanks! Does anyone know what deductions I can use?

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    Default Re: Webcam Taxes

    ^^^ if you structure it right, you can deduct the cost of your computer, your camera, your internet service provider etc. as business expenses.

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    Banned demonika's Avatar
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    Default Re: Webcam Taxes

    You can also deduct part of your rent/mortgage because you work from home.

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    Default Re: Webcam Taxes

    You can also deduct part of your rent/mortgage because you work from home
    technically true, but the 'home office deduction' is subject to a ton of tests and restrictions ... and is also a very 'high value' target for triggering IRS audits

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    Default Re: Webcam Taxes

    Quote Originally Posted by Melonie View Post
    technically true, but the 'home office deduction' is subject to a ton of tests and restrictions ... and is also a very 'high value' target for triggering IRS audits
    Don't forget costumes and props.

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    Default Re: Webcam Taxes

    Quote Originally Posted by Kyleigh1984 View Post
    I have a question about my taxes as a webcam girl. If I make $48,000

    and social security is 15.3% and federal tax is 17.06% (based off of this link:

    http://www.moneychimp.com/features/tax_brackets.htm, me filing single) and

    my state tax (VA:http://www.tax.virginia.gov/web_pdfs/taxtable.pdf) being

    $2,503. Am I supposed to be saving 32.36% in addition to the $2,503 for

    state, totalling $18,035 for the year? Are my calculations too low or too high?
    Www.taxdomme.com does taxes for camgirls, in canada I go to loosechange.ca to file my webcam taxes.

    It varies from usa to canada and other countries you might want to see an accountant aand say that your a freelance model or actor.
    Stripperweb is closing! Join me over at WeCamgirls

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    Default Re: Webcam Taxes

    When you are self employed in the United States, how often do you send the government checks to pay your taxes? Is is once a year? Twice a year?


    and when you say "track your deductions", are these applicable to every time you pay them?

    Also, if you total your business expenses to be $1,246.54, does that mean you subtract $1,246.54 from what you owe them in taxes, or is it a percentage of that?

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    Default Re: Webcam Taxes

    ^^^ answers in your other thread !

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    Default Re: Webcam Taxes

    I know! I posted that earlier and then got tired of waiting for an answer to I just made a thread.


    You helped me out a lot though, I can't thank you enough.
    If you are willing to do for one year what other's won't, you can spend a lifetime doing what other's cant.


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