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The Complete Tax Guide for OnlyFans Creators: What You Need to Know

Updated: Nov 4


Stylish woman in a black suit sitting on a chair, with the text overlay 'Nobody Likes Taxes.' The image captures a modern, confident vibe, suggesting a playful approach to the often-dreaded topic of taxes for OnlyFans creators.

As an OnlyFans creator, it's crucial to understand the tax implications of your income. Foxy Studios is here to break down everything you need to know about taxes as a creator so you can manage your finances smartly and avoid any surprises.


 

Are OnlyFans Earnings Taxable?

Yes, as an OnlyFans creator, you’re considered self-employed, meaning you're responsible for reporting your income and paying taxes on it. For U.S. creators, this requires filing a Schedule C (Form 1040) to report earnings from OnlyFans. This self-employment income is subject to both income tax and self-employment tax, which includes Social Security and Medicare.


 

Types of Taxes OnlyFans Creators Pay

  1. Income Tax: Calculated based on your total income for the year.

  2. Self-Employment Tax: Currently set at 15.3% of your net earnings, which covers Social Security and Medicare contributions.


 

Potential Tax Deductions for OnlyFans Creators

To lower your taxable income, you may qualify for deductions related to your OnlyFans work. Some common tax deductions include:


  • Home Office Expenses: If you have a dedicated workspace, you may be able to deduct a portion of your rent, utilities, and more.

  • Internet and Phone Expenses: OnlyFans creators rely heavily on these, so keep records to maximize your deduction.

  • Equipment and Supplies: Any cameras, lighting, editing software, and props used in creating content can be deducted.


Keeping accurate records of all expenses is essential to claim these deductions confidently and reduce your tax burden.


 

Keeping Records: Essential for OnlyFans Tax Filings

Maintaining detailed records of your income and expenses is critical. Accurate record-keeping will simplify tax filing and maximize your deductions. To help streamline this, consider working with a qualified accountant familiar with self-employed and influencer tax needs.


 

Additional Tax Considerations for OnlyFans Creators

In addition to federal taxes, you may owe state and local taxes, which vary depending on your location. Make sure to research the specific tax requirements in your area or consult with a tax professional.


Also, if you earn over a certain threshold on OnlyFans, you’ll receive a 1099 form from OnlyFans at the end of the year. This form is also reported to the IRS to verify the income you report on your tax return.


 

Tax Responsibilities for OnlyFans Creators

As an OnlyFans creator, you’ll be responsible for:

  • Reporting all income as a self-employed individual.

  • Paying income and self-employment tax.

  • Claiming eligible deductions to reduce your taxable income.

  • Keeping detailed records of income and expenses.


By staying informed about the tax implications of your OnlyFans income, you can better manage your earnings and avoid any surprises come tax season.


 

Understanding the tax implications of OnlyFans can be complex, but Foxy Studios is here to help. Book a call with us today to learn how to stay on top of your financial responsibilities as a creator and maximize your earnings. We offer the expertise you need to thrive in the OnlyFans world.

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