Twitch Streamer Taxes in Nevada - 2025 Guide

Updated for 2025 (Filing 2024 Taxes)

Is Twitch Streamer income taxable in Nevada?

Yes, your income from Twitch streaming is taxable, but the situation is simpler in Nevada than in most states. The IRS considers income from Twitch streaming as self-employment income. This means you'll report your earnings on Schedule C (Profit or Loss from Business) when you file your federal income tax return (Form 1040). You are essentially running your own business as a self-employed individual.

Nevada Specifics: Fortunately, Nevada is one of the few states in the US with no state income tax. This means you won't need to file a state income tax return based on your Twitch income. However, you are still responsible for federal taxes.

Top Tax Write-offs for Twitch Streamers

As a self-employed streamer, you can significantly reduce your tax liability by claiming eligible business expenses. Here are some common deductions:

• Streaming Equipment: The cost of your computer, webcam, microphone, lighting, capture cards, and other equipment used directly for streaming is deductible. You can either deduct the full cost in the year of purchase (using Section 179 deduction, subject to limits) or depreciate the cost over several years.
• Software & Subscriptions: Expenses for streaming software (OBS Studio, Streamlabs Desktop), editing software (Adobe Premiere Pro, DaVinci Resolve), graphic design tools (Photoshop), music licenses (StreamBeats), and Twitch subscription services (for research or content creation) are deductible.
• Internet & Utilities: If you use a dedicated portion of your home exclusively and regularly for streaming, you can deduct a percentage of your internet bill, electricity, and potentially even rent or mortgage interest. The percentage is based on the square footage of your streaming space compared to your total home square footage.
• Mileage: If you travel for Twitch-related activities (e.g., conventions, meetups, purchasing equipment), you can deduct mileage at the IRS standard rate. For 2024, the rate is approximately 67 cents per mile. Keep a detailed log of your business miles.

The 15.3% Self-Employment Tax Surprise

Many new streamers 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%. This is calculated on Schedule SE (Self-Employment Tax). You only pay self-employment tax on profits exceeding $400. The good news is you can deduct one-half of your self-employment tax from your adjusted gross income on Form 1040, which reduces your overall income tax liability.

Closing Tip for Nevada Residents

While Nevada's lack of state income tax is a benefit, don't underestimate your federal tax obligations as a self-employed streamer. 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 maximizing your deductions and complying with all IRS regulations. Proactive tax planning can save you significant money and stress during tax season. Good luck with your streams!