If writing is your hobby, but you have dreamed of turning that into a career, you might be able to start now by deducting some items from your taxes.
In the article "Tax Time!" by Laura Dawson on SelfPublishedAuthor.com, she explains a few of the questions that need to be asked to qualify for this deduction. These questions include, “Have you made a profit in similar activities in the past?” and “Do you depend on income from this activity?” If you work your way through this list of questions and have the right answers, you may be able to take writing costs as deductions on your taxes.
For the next few days, Bowker is also offering a 15% discount on their services. Whether you qualify for the deductions or not, you can take full advantage!
If you have other questions about qualifying various business expenses for deductions, please reference the IRS website.
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