YOUTUBE TAXES | REPORTING YOUR INCOME IN YOUR TAX RETURN | ALL US CITIZENS IN USA OR ABROAD

Hello everyone! Today, I am showing to you how to pay taxes on your Youtube earnings. When you start making money on Youtube, start being organized such as keeping receipts on items that you spent so you can claim it as deductions. When you earn more than $600, you are legally required to report your income and pay taxes on it. Although not shown on the video, you will receive a Tax Form called 1099 - MISC sent by Google showing earnings from January to November. The December earnings will not be included because it is paid the next month January.

DISCLAIMER: I am not a CPA. I am showing to you how I do my own taxes and what I claim as deductions.

Section 179 Deduction - IRS
https://www.irs.gov/newsroom/new-rule...

Thank you again for tuning in!

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