Income Tax Deductions for Micro Stock

Well it is that time of year again, TAX TIME!  You have probably already received some tax forms in the mail for the money you have made throughout the year. Taxes are always daunting and time consuming, but deductions help lower the amount you owe or you may even get a tax return.

Here is a list of tax write off you may be able to use for your taxes.

1. Camera Equipment
2. Lens and other equipment
3. Computers – 100% computer Write off (canadian)
4. Paypal Fees
5. cell phone bill
6. Back up services
7. Memberships
8. Microstock services (ex: Isyndica, Cushystock…ect.)
9. Utilities (Heat, lights, Ins.)
10. supplies
11. Keywording services (dreamstime keywording)
12. workshops & seminars
13. Plug ins, actions & other add ons
14. Design/logo fees
15. Mortgage Interest & Property Taxes
16. Office Furniture
17. Business Phone Line
18. Stamps and Envelopes
19. Business Banking Fees
20. Advertising
21. Website Hosting and Domains
22. Printer
23. Computer
24. Internet Connection
25. Business Trip Costs
26. Business Meals
27. Professional Organization Membership Fees
28. Gas Mileage for Business Trips
29. Software
30. Home Office
31. Printer Ink
32. Paper
33. Online Subscriptions
34. Accounting and Tax Filing Fees
35. Daycare Costs
36. Business Cards
37. Models
38. Props
39. Studio Equipment
40. Studio Supplies
41. Equipment rental

Do you know of any I may have missed?

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