OnlyFans Taxes Explained 2025
If you earn money on OnlyFans, you are self-employed in the eyes of the IRS. That means your earnings are taxable and you're responsible for filing correctly. This guide explains what taxes apply, what forms you'll receive, common mistakes to avoid, and how forming an LLC can make tax season easier.
What Taxes Apply to OnlyFans Creators
- Federal Income Tax — applied to your total taxable income.
- Self-Employment Tax — 15.3% that covers Social Security and Medicare.
- State Income Tax — varies depending on where you live.
Unlike employees, taxes are not withheld from your payouts. It's your responsibility to set aside money and file.
Forms You'll Receive
- 1099-NEC — Issued if you earn more than $600 in a year.
- Schedule C (Form 1040) — Where you report your income and expenses.
- Schedule SE — Where you calculate self-employment tax.
Keep these forms safe. They're required to file accurately.
Common Tax Mistakes
- Not setting aside money throughout the year.
- Mixing personal and business accounts.
- Missing estimated quarterly payments.
- Forgetting to log deductible expenses.
Why Forming an LLC Helps at Tax Time
- Keeps income and expenses separate.
- Strengthens deductions if audited.
- Makes it easier to open a business bank account.
- Provides future flexibility to elect S-Corp taxation to reduce self-employment tax.
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FAQ: OnlyFans Taxes
Do OnlyFans Creators Pay Taxes?
Yes. All income from OnlyFans is taxable self-employment income.
How Much Should I Save for Taxes?
A safe guideline is 25–30% of your earnings.
Does OnlyFans Send a 1099?
Yes, if you earn over $600 in a year.
Do I Need to Pay Quarterly Taxes?
Yes, most self-employed individuals must pay four times a year.
Can an LLC Lower My Taxes?
An LLC won't reduce taxes automatically but gives you the option to elect S-Corp status later, which can save thousands.