Mistake prevention
The Tax Write-Offs Content Creators Miss Most
Most creators don't lose money to bad deductions — they lose it to undocumented ones. Spending is deductible when it has a documented business purpose at the time it happens; reconstructed in April, most of it gets dropped.
The commonly missed list
- Production costs: props, rentals, sets, locations — the car rented for a video counts when the business purpose is logged.
- Gear & software: cameras, lighting, editing suites, plugins — often immediately expensable under §179.
- Home studio: the actual-expense method typically beats the $1,500 simplified cap (10% studio of $40K housing costs = $4,000).
- Editors & contractors: fully deductible — with proper 1099 handling.
- Travel to shoots: flights, hotels and mileage when the trip is primarily business.
- Phone & internet: the business-use share, via an accountable plan.
- Health insurance premiums: 100% deductible for the self-employed.
- The Augusta rule: up to 14 days of tax-free home rental to your own business.
The system beats the list
The creators who capture all of this don't memorize lists — they log receipts the moment they spend. That's why real-time capture is the core of the Midas playbook.
Want your actual number? The Midas Audit reviews your last two years and puts it in writing — what you overpaid, what's recoverable, what's available going forward. If it doesn't show at least twice our fee in recoverable savings, we refund it.
See if you qualify →