income Does one have to pay taxes on OnlyFans?

Taxes are a tricky topic that is causing lots of confusion even for normal employees, sadly being a freelance model on OnlyFans doesn't make things easier.

In this post we are going to focus on some key topics when it comes to taxes, however we would like to point out that taxes are a fairly tricky issue, highly differ from country to country and this is by no means tax advise or aims to be guiding you through your personal tax situation.

Do you have to pay taxes on OnlyFans income?

That depends a lot on your country of residence but generally yes, you will have to pay taxes on OnlyFans almost everywhere.

How is OnlyFans income classified for taxes?

Again this will vary depending on where you live but income from OnlyFans or other websites such as Fansly will generally be categorised as income from freelance or self-employed activities. Which may mean you will have to also register a business and pay even more business taxes on top of your income tax.

How much taxes do you have to pay?

While every country will have their own rules as a rule of thumb you can expect to pay roughly similar rates as you would pay on your income from employment.

When do you have to pay your OnlyFans tax?

While not guaranteed and highly dependent on your location and the way you file your taxes the payments could be made yearly, quarterly or even monthly.

Can I receive social benefits while working on OnlyFans?

This depends highly on your place of residence, generally most social benefit schemes will allow for a certain amount you can earn before becoming ineligible. However it is in your best interest to not try and hide your OnlyFans money to double dip into any benefits you receive as this may trigger legal consequences and the government may demand back the benefits you received.

Should you get a tax advisor?

Taxes are tricky and there is a whole industry around advisors and consultants that can help you with filing correctly. If you earn more than a few hundred dollars a month then a tax advisor will almost always be your best choice to ensure you do everything correctly as well as benefit from the latest and highest deductions.

Do you need a sex worker friendly tax advisor?

Often models wonder if they need to look for a special porn tax advisor that is familiar with all the sex work laws, however the truth is there rarely are sex worker laws (and if so they don't apply to online porn) and there won't be any special training or requirements. Adult models are, for all matters of law and taxes, just self-employed and have to follow the same rules as every other self employed person.