What are the state tax requirements for influencers?
Influencers are typically required to pay state taxes on their income, which can vary by state. Are you based in a specific state?
Yes, I'm in California. Does that change anything?
In California, influencers must report their income and may need to pay self-employment tax. You should also consider sales tax if you sell products.
What if I collaborate with brands? How does that affect my taxes?
Collaborations are considered income, so you'll need to report that as well. Keep detailed records of all earnings and expenses.
Do I need to hire an accountant for this?
It's highly recommended, especially if your income is substantial. An accountant can help you navigate deductions and ensure compliance.
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