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YOUTUBE TAXES Explained! 10 Tax Tips for YouTube Creators!

Roberto Blake 87 views

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#QOTD: What Do You Want to Know About YouTube Business?brTry TurboTax Self-Employed intuitme/2KMk5rk (Sponsored) br00:00 Intro br00:20 Does YouTube Take Out Taxes for You? br01:29 Can You Deduct Purchase for YouTube From Your Taxes? br02:00 How Much Do You Need to Earn to Pay YouTube Taxes? br02:59 What I Can You Deduct From Your YouTube Taxes? br03:34 How Much Money Do You Need to Set Aside for YouTube Taxes? br04:28 Should You Pay YouTube Taxes Quarterly or Yearly? br5:08 Do You Need to Set Aside Money Besides YouTube Taxes? br06:10 Do I Need to Incorporate as a Business? br06:40 How Should You Separate Business from Personal Finances?
Comment from : @RobertoBlake

Can ask how i pay YT tax if im not from US its in their website, online bank or any back from my country?
Comment from : @Laieon-mt3xy

Who do you prefer to use for a business account? Like the business account and the tax account who do you prefer to use ?
Comment from : @memoirsofmoon

YouTube open Now buy money
Comment from : @JonathanTorres-b3p

Yes
Comment from : @JonathanTorres-b3p

3:13
Comment from : @JonathanTorres-b3p

I got taxes deducted from my youtube… 18…
Comment from : @julietathenomadartist

I have a random question If i make money from YouTube for only "one year(or at least one month)" just for the need to save up to boost my savings, what would that be like to me (since I don't do much business for YouTube, I am always lit for fun with my content)?
Comment from : @LoudHouseCritic2018

If run your yout6be content out of your house do you have to register as a home based business
Comment from : @wondamaker

Does youtube mail you a 1099 form in the mail?
Comment from : @hogsfan4life323

I'm 12 I'm trying to learn how to do taxes
Comment from : @Dreamlikessnapnap

Do you get taxed on the whole amount of a membership/superchat or just your 70 share
Comment from : @SearchingForTone

So every month i have to put aside 30 of that check for taxes?? ive never done my taxes before
Comment from : @jimmydeeTV

Hi, Interesting Info you gave Thanks for that but i have one question if you can answer briefly will be helpful because i am Youtuber too - If we are US citizen or any other country and creating content in our country and register my channel under a business adsense account with a LLC in some TAX haven country like Dubai or may be Cayman Islands etc and recieve YT Income there from Google Do i need to pay TAXES in my own country or i just need to pay TAXES to country my Youtube channel LLC is registered according to their TAX ?
Comment from : @AnubhavSharma-zc1ov

How do i pay taxes i dont wanna go to jail please help
Comment from : @日himisaskeleton

I'm a small channel Not monitosed Do I have to pay tax? brI've not received any details from YouTube I'm not in a partner programme I haven't met the criteria Do I still have to pay anything?brThanks for the info, best wishes from the UK 🇬🇧
Comment from : @dianabriggs5123-Breathe

Thank you Robert😊
Comment from : @debby631

Can two people become partner on one youtube channel and how would they be paying taxes on the income?
Comment from : @JavanehLahian

Hi man great video I have a couple questions:,brbrbr1 At the start of the video you explain I am not an employee of Youtube and am actually an independent contractor getting a 1099 form (in the case of a US resident The 1042-S is the form I received) and that I must file that with the tax agency in my country Now I’ve received this for the past 2 years and ignored it so I hope I’m not in trouble or anything I just pay taxes through my accountant to my local IRS in Ireland Would love your advice on thisbrbrAnother point you raised at 4:35 in this video, is that if I am earning over $1000 a month, I should pay my taxes quarterly (only if it makes sense and my accountant recommends it) I do earn that but pay them yearly Would also seek advice on this, thank you 😊
Comment from : @RPCentral7

He’s kind of contents The world truly needs
Comment from : @Isoisosings

This is great ! Thank you!!!
Comment from : @Stasiiiaaaa

Do I need a business license and to register my yt channel name?
Comment from : @lovealwaysjasmine

Great video - thanks!
Comment from : @YTWithJoe

Paid based off Royalties
Comment from : @foodserviceeducation

Thanks for your very informative content Roberto It is a very big help Can YouTube pay me through my LLC? If so, how do I do that?
Comment from : @RicardoRoberto-f2f

Hi do we still need to pay taxes if I plan to stop being a content creator since I am not earning?And how will I process that?
Comment from : @skincore1616

If only we live under georgism
Comment from : @Temporaryusername-i4h

Thank you!
Comment from : @Jackpotstat

Thank you for this straight forward video sir
Comment from : @MitchWestWeather

Is it worthy to become youtube even have to pay tax? I just curiously because im low income and single mother of 3 children
Comment from : @kimberlycatlin5556

Happy to have found this channel Spent 70k out of my own money for YouTube and wish I knew I could have written it off 🤦🏻‍♂️
Comment from : @JohanGavieres

Thank you sir you really helped me at this time I’m on ssdi but I’m considering making content in the future and you never know if I could be a success so this made me feel a lot more comfortable
Comment from : @12397bmw

Dawgyoutube takes 30 of whatever I make😭😭😭
Comment from : @DaRealScrunchy

Why did they approve my tax information before the ypp I don't understand and when can I verify identification with Google AdSense
Comment from : @CGCSU55

Hey bro how do I get a YouTube coach
Comment from : @vengeancelinekennels

should I hire someone, as a small youtuber, to help me understand this for my particular state???
Comment from : @GamerKittyEuphoric

Is It best to create an LLC from the beginning regardless of you make income from YouTube or not? Just so we can do write offs on equipment etc brbrOr is It best to just keep as an individual?brbrI want to treat It like a business like you mentioned, and want to make sure i do It correctly
Comment from : @ariannacolucci92

What if you can't have a second bank account because of government restrictions? People on SSI SSDI aren't allowed to even have a savings account
Comment from : @smokywaterstudio

Great video!!! Very insightful!! I have an LLC and am curious as to whether or not I can still pay my YouTube taxes with my separate full time job at the end of year? Any thoughts?
Comment from : @bestgolfnoob

The stanard deduction is 10800 dollars So if your not investing over that amount you have nothing to deduct
Comment from : @ultra100able

I’m 13 I ain’t about to do this crapt I’m out of this
Comment from : @IDEK-Tbh80

Fantastic video that answered all of my questions Thank you!
Comment from : @ElainnaCiaramella

Thank you for all this information!
Comment from : @BlueEyedBabe03

I’m create sum 🔥 music later I’m 15 so prolly around 18
Comment from : @Hehehgwbw

I’m ngl I’m 18 and I’m just now really getting into wanting to make content and I wanna learn all this before I officially get my feet wet… and I’m so confused…ngl stress is high and IM NOT EVEN DOING NUN YET
Comment from : @HaloGoCrazy

Ohh yeah I wonder if these YouTubers pay taxes too since they are getting paid!
Comment from : @phish_1

Thanks, had to go get my paystubs and bank statement from click_cybertech Was able to achieve that with no real stressbrAll these taxes got me real stressed out
Comment from : @Jackflynn611

I get taxed about 20 of my YouTube Adsense earnings by America Also have to pay an extra 20 from the uk as well 😅
Comment from : @TdogEx

Well explained Got my like
Comment from : @RRRRefuelRideRace

Just got paid from YouTube into Australia and the kept tax About $230 out of $1000 gross
Comment from : @Rookie_Rockounding

oh jeez, this will definitely be annoying in the future, if I get popular enough lol
Comment from : @k3melow

so you could by a new phone and make a video about and boom taxes deducted
Comment from : @Bggvaulted

Good video brIt Help me a lot
Comment from : @Lacasa_de_checo

BIG QUESTION, so how about if you’re not “self-employed” I work for a company and I shoot content for them, I get paid as a 9-5 job but my tax info is on YouTube’s end Is there anything I need to do, or do I just file it as normal?
Comment from : @skullace3136

WOW! I just started my channel Five days ago and thanks for the information
Comment from : @kickitwithkol

all these are really good ideas/ thanks Black
Comment from : @CarStomIt

Fantastic video Thank You!!!!!
Comment from : @kimberlyfogalun-filtered6466

Thank you Great straightorward
Comment from : @EthanMichell1

I have a question If you consider your YT channel a business to get those tax write-offs, do you have to create an LLC or is that not necessary?
Comment from : @KiltedVeteran

Thanks for this video!! Very helpful!! Can you discuss the benefits if any to having an EIN number attached to a Youtube business registered as an LLC?
Comment from : @MeAndCarKeys

What if a YouTuber ask for money through cash app or through Patreon and other subs and Aries that’s outside of YouTube do they pay taxes on that too?
Comment from : @roosterslounge1697

We actually want to know the process on how you can pay your taxes on YouTube or it’s automatically took the payment on the amount of cash you made per month
Comment from : @lifeofnicet

when you say $600 or more, do you mean for the year or just in one check like lets say my channel only makes 10$ and never anything again do i still have to claim it lol
Comment from : @MelodicMizeryPs3Vids

thanks man
Comment from : @CorralDynasty

I just got off youtube support, they do take taxes from your supechats revenue
Comment from : @INTJATarot

This is fantastic! I am about to be monetized and you answered all the questions I had!
Comment from : @Yellowlab247_Outdoors

Do I need to reply a business license for YouTuber? Or just create contents and whatever I buy for the YouTube I can do tax deductions? Thanks in advance
Comment from :

Quick question Can I claim expenses before I become monitized? I've spent on computers and cameras and am spending money on ads but I'm not monitized and won't be till next year
Comment from : @mfurughi2068

This is a silly question, but how do you save receipts for things that you purchase online? Do I need to print the receipt email?
Comment from : @moonchild-thirty-thr33

This was very useful thank you good sir!
Comment from : @MTGJosh

What if I want to invest in cámara gear and like fishing gear for my fishing channel Bud I don’t make money on YouTube because my channel is small still can’t I get tax return from that?
Comment from : @perrofierrostudios7515

As a CPA, I think you are giving sound advice All monetized creators should certainly consult with a CPA/tax accountant
Comment from : @BecomingBossC

So since I am not making 1/6 of $600 worth of ad revenue, I do not need to worry about taxes for now?
Comment from : @1fishmob

What if I am an international student in USA, do I still have to pay taxes? (While in my country there isn’t any taxes regarding youtube earnings)
Comment from : @ernestobaci8623

Great content man appreciate it 👍🏼
Comment from : @TimAndrews

Do you have to pay FICA taxes ?
Comment from : @THEREALTWISTEDINSANE

i’m a bit confused, do i have to pay taxes with my own money or the youtube money, i mean if i dont do any sponsors or merch?
Comment from : @yoyoim6109

Good vid man!!
Comment from : @Bushchannel

Hi Roberto This was very informative Thanks a lot
Comment from : @FOASQUAD

Can I deduct my current youtube expenses when I am not monentized, for future income?
Comment from : @micahschultz2981

So question, regarding the deductions for a travel content creator: do you need to form a LLC before you can claim deductions or can you just as a self employed entity when it comes tax time? Assuming, this could include travel and hotel stays correct? We keep all our receipts and the truth is for content we have to travel so just wondering Thank you so much!
Comment from : @proudlynomadic

I think this is so dumb I wish that they could just draw the taxes themselves I just started to be a creator and when I read that we needed to pay taxes ourselves I was super surprised pp This sort of thing is so confusing for me
Comment from : @sandydarkfall

One interesting thing I recently discovered: if you're trying to find out your total income for the year(like maybe you haven't been saving and realized that you need to catch up), you should actually look up from December 1 of the previous year up through November 30 of the current year This is because you receive December's earnings in January so it's counted as income earned in January, so you would owe December's taxes in the following tax year
Comment from : @DannyBPlays

Hey? I Make YouTube earnings only in which I receive a 1099-MISC and only box two has my royalties! Must I file that and pay taxes on it? Let me know please! I’m not sure if Google already deducts my taxes I reside in Delaware USA 🇺🇸
Comment from : @priestlygarments4004