OnlyFans Creator Taxes in South Carolina - 2025 Guide

Updated for 2025 (Filing 2024 Taxes)

Is OnlyFans Creator income taxable in South Carolina?

Yes, income earned through OnlyFans is absolutely taxable, both at the federal and South Carolina state levels. The IRS considers OnlyFans income 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 earnings on Schedule C (Profit or Loss from Business), which is filed with your Form 1040. Schedule C allows you to deduct business expenses (more on that below!), reducing your taxable income. You'll calculate your net profit (income minus expenses) on Schedule C, and that net profit flows to your Form 1040.

South Carolina Specifics: South Carolina 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 included in your Adjusted Gross Income (AGI) on your South Carolina tax return (Form SC1040). South Carolina's tax brackets for 2024 (filing in 2025) will determine your state income tax liability. You can find the current brackets on the South Carolina Department of Revenue website: https://www.dor.sc.gov/. It's crucial to accurately report your income to avoid penalties and interest.

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), you can deduct mileage. The 2024 federal standard mileage rate is 67 cents per mile (verify the final official rate from the IRS: https://www.irs.gov/newsroom/standard-mileage-rates-for-2024). 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 expenses related to that space (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 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 South Carolina Residents

Navigating self-employment taxes can be complex. I strongly recommend keeping 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 South Carolina tax laws. Proactive tax planning can save you significant money and stress during filing season. Don't hesitate to reach out if you have specific questions about your situation.