OnlyFans Creator Taxes in New Hampshire - 2025 Guide

Updated for 2025 (Filing 2024 Taxes)

Is OnlyFans Creator income taxable in New Hampshire?

Yes, your OnlyFans income is taxable at the federal level, but generally not at the New Hampshire state level. Here's a breakdown:

• Federal Taxes: The IRS considers income earned through OnlyFans as self-employment income. You'll report this income on Schedule C (Profit or Loss from Business) as a sole proprietor. This means you'll calculate your gross income from OnlyFans, then subtract allowable business expenses to arrive at your net profit. This net profit is then reported on your Form 1040.
• New Hampshire Taxes: New Hampshire has a unique tax system. It does not tax earned income like wages or self-employment income. New Hampshire taxes only interest and dividends. Therefore, your net profit from your OnlyFans business (as calculated on Schedule C) will likely not be subject to New Hampshire state income tax. However, it's crucial to understand this applies to earned income. Any investment income (interest, dividends, capital gains) will still be taxable in New Hampshire.

Top Tax Write-offs for OnlyFans Creators

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

• Equipment: Costs for cameras, lighting, computers, phones, and other equipment used directly in creating your content are deductible. You can often use Section 179 depreciation to deduct the full cost in the year of purchase (subject to limitations), or depreciate the asset over its useful life.
• Software & Subscriptions: Expenses for editing software (e.g., Adobe Creative Cloud), streaming software, website hosting, OnlyFans subscription fees (the percentage OnlyFans takes is not a deduction, but fees you pay for premium features might be), and other digital tools used for your business are deductible.
• Mileage: If you drive for business purposes (e.g., to meet with collaborators, purchase equipment, attend relevant events), you can deduct mileage. For 2024, the standard mileage rate is approximately 67 cents per mile (verify the official IRS rate at IRS.gov). Keep a detailed mileage log!
• Home Office Deduction: If you use a portion of your home exclusively and regularly for your OnlyFans business, you may be able to deduct a portion of your mortgage interest or rent, utilities, and other home-related expenses. There are specific rules and calculations for this deduction.

The 15.3% Self-Employment Tax Surprise

Because you're self-employed, you're responsible for both the employer and employee portions of Social Security and Medicare taxes. This is known as self-employment tax. You'll calculate this on Schedule SE (Self-Employment Tax). The combined rate is 15.3% (12.4% for Social Security up to the annual wage base, and 2.9% for Medicare). You only pay self-employment tax on profits over $400. The good news is you can deduct one-half of your self-employment tax from your gross income on Form 1040.

Closing Tip for New Hampshire Residents

While New Hampshire's lack of income tax is a significant benefit, don't underestimate the importance of accurate record-keeping and understanding your federal tax obligations. Consider using accounting software or consulting with a qualified tax professional (like myself!) to ensure you're maximizing your deductions and complying with all applicable tax laws. Proactive tax planning can save you significant time and money in the long run. Good luck with your OnlyFans business!