OnlyFans Creator Taxes in New Jersey - 2025 Guide

Updated for 2025 (Filing 2024 Taxes)

Is OnlyFans Creator income taxable in New Jersey?

Yes, absolutely. Income earned through OnlyFans is considered taxable income by both the federal government and the State of New Jersey. As an OnlyFans creator, you are generally considered self-employed by the IRS and New Jersey Division of Taxation. This means you're responsible for reporting your earnings and paying all applicable taxes.

Federal Requirements (Schedule C): You will report your OnlyFans income and expenses on Schedule C (Profit or Loss From Business) as part of your Form 1040. This form calculates your net profit (income minus expenses). It's crucial to keep meticulous records of all income received and all business-related expenses.

New Jersey Specific Rules: New Jersey has a graduated income tax system. This means the tax rate you pay increases as your income increases. Your net profit from Schedule C will be added to your other income (if any) and taxed according to the New Jersey tax brackets for the 2024 tax year (filing in 2025). You'll use Form NJ-1040 to calculate your New Jersey income tax liability. New Jersey also allows for deductions similar to the federal level, which can help reduce your taxable income. Be aware that New Jersey does not automatically mirror all federal deductions; some may require specific state-level adjustments.

Top Tax Write-offs for OnlyFans Creators

Properly claiming deductions is key to minimizing your tax burden. Here are some common write-offs for OnlyFans creators:

• Software & Subscriptions: Costs for editing software (e.g., Adobe Creative Suite, photo/video editing apps), scheduling tools, content management platforms, and OnlyFans-specific tools are deductible.
• Equipment: Expenses for cameras, lighting, backdrops, computers, phones (portion used for business), and other equipment used to create content are deductible. Larger purchases may need to be depreciated over several years.
• Mileage: If you drive for business purposes (e.g., to meet clients, purchase props, attend relevant events), you can deduct mileage. For 2024, the standard mileage rate is approximately 67 cents per mile. 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 rent/mortgage, utilities, and home insurance. The IRS has specific rules for this deduction; consult IRS Publication 587.

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 combined tax is 15.3% (12.4% for Social Security and 2.9% for Medicare) on your net earnings. However, you only pay self-employment tax on earnings over $400.

You'll calculate this tax on Schedule SE (Self-Employment Tax) and include it with your Form 1040. The good news is that you can deduct one-half of your self-employment tax from your gross income, which can lower your overall tax liability.

Closing Tip for New Jersey Residents

Navigating taxes as an OnlyFans creator can be complex. I strongly recommend keeping detailed records of all income and expenses throughout the year. Consider using accounting software or working with a qualified tax professional (like myself!) who understands the unique challenges faced by content creators in New Jersey. Proactive tax planning can save you significant time, money, and stress when it comes time to file your 2024 taxes in 2025. Don't hesitate to reach out if you have further questions or would like assistance with your tax preparation.