OnlyFans Creator Taxes in Mississippi - 2025 Guide

Updated for 2025 (Filing 2024 Taxes)

Is OnlyFans Creator income taxable in Mississippi?

Yes, income earned as an OnlyFans creator is absolutely taxable, both at the federal and Mississippi state levels. The IRS considers income from OnlyFans as self-employment income. This means you're essentially running your own business, even if it's just you.

Federal Requirements: You'll report your OnlyFans income on Schedule C (Profit or Loss from Business), which is filed along with your Form 1040. Schedule C allows you to deduct business expenses (more on that below) to arrive at your net profit. This net profit is then added to your other income (if any) to determine your adjusted gross income (AGI).

Mississippi Specific Rules: Mississippi has a flat income tax rate of 5% for the 2024 tax year (filing in 2025). Your net profit from Schedule C will be added to your other income, and this total taxable income will be subject to the 5% Mississippi income tax. Mississippi also requires you to file a state income tax return (Form 82-101) to report this income and calculate your state tax liability.

Top Tax Write-offs for OnlyFans Creators

As a self-employed individual, you can significantly reduce your tax burden by claiming legitimate business expenses. Here are some common deductions for OnlyFans creators:

• Software & Subscriptions: Costs for editing software (photo/video), streaming tools, scheduling apps, and any subscription services used specifically for your OnlyFans business are deductible.
• Equipment: Cameras, lighting, backdrops, computers, phones (portion used for business), and other equipment used to create content are deductible. For expensive items, you may need to depreciate the cost over several years.
• Mileage: If you drive for business purposes (e.g., to purchase equipment, attend networking events, or meet with collaborators), you can deduct mileage. The 2024 standard mileage rate is 67 cents per mile (verify the final official rate from the IRS). Keep a detailed mileage log!
• Home Office Deduction: If you use a dedicated space in your home exclusively and regularly for your OnlyFans business, you may be able to deduct a portion of your home-related expenses (rent/mortgage interest, utilities, etc.). There are specific rules and calculations for this deduction – consult IRS Publication 587.

The 15.3% Self-Employment Tax Surprise

Many self-employed individuals are surprised by self-employment tax. When you're an employee, your employer pays half of your Social Security and Medicare taxes. As a self-employed individual, you're responsible for both the employer and employee portions, totaling 15.3% (12.4% for Social Security and 2.9% for Medicare).

You'll calculate this tax on Schedule SE (Self-Employment Tax). However, you only pay self-employment tax on 92.35% of your net profit from Schedule C. The good news is that you can deduct one-half of your self-employment tax from your gross income on Form 1040, which helps reduce your overall tax liability.

Remember, self-employment tax applies to earnings over $400.

Closing Tip for Mississippi Residents

Navigating self-employment taxes can be complex. It's highly recommended that you keep meticulous records of all your income and expenses throughout the year. Consider using accounting software or working with a qualified tax professional (like myself!) to ensure you're taking all eligible deductions and complying with both federal and Mississippi tax laws. Proactive tax planning can save you significant money and stress come tax season. Good luck with your OnlyFans business, and don't hesitate to seek professional guidance!