Jump to content

Freelancing Tax Deductibles


tina20201998

Recommended Posts

Hi there, I read this on an article, “Although it can certainly hurt to know that you’re automatically giving up 20% of the sale with a new client on Fiverr or Upwork, it might ease the pain a bit to understand that these fees are tax deductible.” I just wanted to see if its true that the 20% fee for sellers on Fiverr count as a tax deductible for USA freelancers. If so how would they be categorized under type of expense? Any advice would be super helpful!

Link to comment
Share on other sites

Hmmm.

What I use for income tax deductions (I’m in Canada) from my freelance activities are:

  • internet monthly fees
  • office supplies
  • a portion of my utilities

I think if you were to view the 20% commission that Fiverr gets as an expense (you know, you would have spent that in a Membership fee to join Fiverr if it was set up differently) then I can see it.

Good luck.

It’s an interesting idea.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...