So, what’s deductible as an author?
So, I know the answer to this, but my husband, who is doing our taxes*, would like a second opinion.
- As a writer, the books that I buy are a business expense because they are necessary for staying current with my field.
- As an audiobook narrator, the audiobooks I listen to are a business expense because they are necessary for staying current in my field.
Anyone want to flash their credentials and explain that it’s totally okay?
For early-career writers who might not be thinking about this stuff yet, remember that writing is a business. You can deduct office supplies, research tools, home electronics, website creation and maintenance costs, promotional materials, travel, food, gifts, fees for services, self-publishing and print-on-demand costs, trademarks and copyrights, domain name expenses, costs of book-launch or book-signing events, advertising, marketing and promotion, vehicle expenses, postage, bank charges and outside services.
I mean, definitely talk to an accountant, instead of just asking for advice on the internet, the way I’m doing. Just don’t assume that because you enjoy something, it is somehow not part of your job.
*Best part of marital agreement. I don’t have to touch the taxes.