What if I earn money from running a blog?

Income you receive for running a blog is generally considered self-employment income and is reported on Schedule C. You're required to report this income generating activity on your tax return.

You can, however, take deductions to help offset that income; some common deductions bloggers take include:

• Home office deduction
• Office supplies
• Website fees
• Conference fees

If you're unsure if your income is self-employment income, use the IRS Interactive Tax Assistant to determine whether your income is subject to self-employment tax.