OnlyFans Creator Taxes in Vermont - 2025 Guide

Updated for 2025 (Filing 2024 Taxes)

Is OnlyFans Creator income taxable in Vermont?

Yes, absolutely. Income earned through OnlyFans is considered taxable income by both the federal government and the State of Vermont. As an OnlyFans creator, you are generally considered self-employed by the IRS. This means you’ll report your earnings and expenses on a Schedule C (Profit or Loss from Business) and file it with your Form 1040. You'll calculate your net profit (income minus expenses) on Schedule C, and that net profit is what’s subject to both federal and Vermont income tax.

Vermont has a graduated income tax system. This means the tax rate you pay increases as your income increases. For the 2024 tax year (filed in 2025), Vermont’s tax brackets will determine your state income tax liability. You’ll report your federal Adjusted Gross Income (AGI) on your Vermont income tax return (Form INC-111) and calculate your Vermont tax based on the applicable brackets. Vermont also allows for itemized deductions similar to the federal level, which can further reduce your taxable income. Keep excellent records to maximize your deductions.

Top Tax Write-offs for OnlyFans Creators

• Equipment: Any equipment used for content creation is potentially deductible. This includes cameras, lighting, computers, backdrops, and even specialized clothing or props used specifically for your OnlyFans work. You can either deduct the full cost in the year of purchase (under Section 179 deduction, subject to limits) or depreciate the cost over several years.
• Software & Subscriptions: Costs for editing software (e.g., Adobe Creative Cloud, Final Cut Pro), scheduling tools, content management platforms, and any subscriptions directly related to your OnlyFans business are deductible.
• Mileage: If you drive for your OnlyFans business (e.g., to purchase props, attend networking events, or meet with collaborators), you can deduct mileage. For 2024, the standard mileage rate is 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 expenses related to that space (e.g., a percentage of your rent/mortgage, utilities, and home insurance). The IRS has specific rules for this deduction, so ensure you meet the requirements.

The 15.3% Self-Employment Tax Surprise

Because you're self-employed, you're responsible for paying both the employer and employee portions of Social Security and Medicare taxes. This combined tax is called self-employment tax and is currently 15.3% (12.4% for Social Security up to the annual wage base, and 2.9% for Medicare). You’ll calculate this on Schedule SE (Self-Employment Tax). The good news is you get to deduct one-half of your self-employment tax from your gross income on Form 1040, which reduces your overall tax liability. This tax applies to net earnings over $400.

Closing Tip for Vermont Residents

Navigating taxes as a self-employed individual 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!) who understands the unique challenges faced by OnlyFans creators in Vermont. Proactive tax planning can save you money and prevent headaches during filing season. Don't hesitate to reach out if you have further questions – I'm here to help you maximize your deductions and ensure you comply with all applicable tax laws.