OnlyFans Creator Taxes in South Dakota - 2025 Guide

Updated for 2025 (Filing 2024 Taxes)

Is OnlyFans Creator income taxable in South Dakota?

Yes, your income from OnlyFans is taxable, but the situation is simpler in South Dakota than in most states. The federal government considers income earned through platforms like OnlyFans 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'll calculate your profit (income minus expenses) on Schedule C, and that profit is then added to your overall income for the year.

South Dakota Specifics: South Dakota is one of the few states with no state income tax. This means you won't file a state income tax return or pay state income tax on your OnlyFans earnings. However, your federal tax obligations still apply.

Top Tax Write-offs for OnlyFans Creators

As a self-employed individual, 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 for creating content are deductible. You can often deduct the full cost in the year of purchase (Section 179 deduction) or depreciate it over several years.
• Software & Subscriptions: Expenses for editing software (e.g., Adobe Creative Cloud), streaming software, website hosting, and OnlyFans platform fees are deductible.
• 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 rent/mortgage, utilities, and home insurance. There's a simplified method and a regular method for calculating this.
• Mileage: If you drive for business purposes (e.g., to meet with clients, purchase equipment), you can deduct mileage. For 2024, the standard mileage rate is 67 cents per mile (verify the final IRS rate at IRS.gov). Keep a detailed mileage log!

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%. This is calculated on Schedule SE (Self-Employment Tax). 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 adjusted gross income on Form 1040, which reduces your overall tax liability.

Closing Tip for South Dakota Residents

While South Dakota's lack of state income tax is a benefit, don't underestimate your federal tax obligations as an OnlyFans creator. Meticulous record-keeping is crucial – track all 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.